AvtoVAZ counting on state banks for $2.7 bln

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MOSCOW, March 30 | Mon Mar 30, 2009 7:50am EDT

MOSCOW, March 30 (Reuters) - Russia's largest car maker AvtoVAZ (AVAZ.MM) hopes to sign an investment memorandum for 90 billion roubles ($2.69 billion) with Russian state-run banks within two weeks, its president Boris Alyoshin said on Monday.

Alyoshin told reporters that the state banks included Sberbank SBER03.MM and VTB (VTBR.MM) as well as Gazprombank, which is co-owned by state-run gas export monopoly Gazprom (GAZP.MM).

(Reporting by Anton Doroshev, writing by Dmitry Zhdannikov; editing by Simon Shuster)

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