|
"AvtoVAZ" closed the acquisition of "IzhAvto", the transaction amount - 1.7 billion |
| Print | |
AvtoVAZ is a study in 1222 • news • 620 comments October 27, 2011 was held on closing of the acquisition of "AvtoVAZ" 100% of OOO "United Automotive Group." The transaction value: 1.7 billion, the company said. Transaction was executed in accordance with the terms of the memorandum of understanding on long-term development and modernization, "IzhAvto", signed in the presence of Russian Prime Minister Vladimir Putin in December 2010, Director General of Civil "Russian Technologies" Sergey Chemezov, the president of "AvtoVAZ" Igor Komarov and President of "Savings" Russian Federation German Gref. In the spring of this year, "AvtoVAZ" passed in Izhevsk production of classic sedan LADA 2107. Under this project was a massive recruitment and transition of the plant on two shifts of work, but as part of joining the alliance already is preparing for the production of a new people's car "AvtoVAZ" LADA Granta.
|
