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BRIEF-Avtovaz raises RUB 26.14 bln in open subscription
December 29, 2016 / 5:47 AM / a year ago

BRIEF-Avtovaz raises RUB 26.14 bln in open subscription

Dec 29 (Reuters) - Avtovaz

* Says following open subscription, Alliance Rostec Auto BV remains the main shareholder of the company owning 64.6 percent of Avtovaz’s shares

* Avtovaz plans to achieve operational profit in two years - President Nicolas Maure

* Avtovaz completed the placement of 2.904 billion shares through open subscription raising 26.14 billion roubles ($432.60 million) Source text - bit.ly/2iH1GfE

Further company coverage: ($1 = 60.3330 roubles) (Gdynia Newsroom)

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