AvtoVAZ may issue 320 mln euros of new shares - source
MOSCOW, March 10 |
MOSCOW, March 10 (Reuters) - Russian carmaker AvtoVAZ (AVAZ.MM) may place around 320 million euros ($434.2 million) of new shares as part of its restructuring plan, a source close to the company told Reuters on Wednesday.
The Lada-maker could count on 25 percent shareholder Renault (RENA.PA) to buy its allotted stake in the firm, the source added, while stressing the move was only under consideration.
(Reporting by Gleb Stolyarov, Writing by John Bowker; Editing by Dmitry Sergeyev)
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