December 28, 2018 / 5:16 PM / 10 months ago

BRIEF-Alliance Rostec Auto BV Increases Its Stake In Avtovaz To 100%

Dec 28 (Reuters) - Renault:

* SAID ON THURSDAY THAT ALLIANCE ROSTEC AUTO BV, THE RENAULT AND ROSTEC JOINT VENTURE, INCREASED ITS STAKE IN AVTOVAZ TO 100% FROM 96.64%

* THIS OPERATION WAS COMPLETED ON DECEMBER 26, 2018

* THIS SQUEEZE-OUT OPERATION COMPLETES THE RECAPITALIZATION PROCESS THAT STARTED IN DECEMBER 2016

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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