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Avtovaz PAO (AVAZ.MM)

AVAZ.MM on Moscow Interbank Currency Exchange

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Latest Key Developments (Source: Significant Developments)

Avtovaz, Yandex to cooperate in integration of internet services into vehicles
Wednesday, 15 Mar 2017 05:05am EDT 

Avtovaz : Signs memorandum of intent with Yandex LLC to jointly develop multimedia systems, including information and entertainment and navigation services . The memorandum includes cooperation in telematics services, connected cars (Connected Car - a car connected to the network) and multimedia systems . Yandex plans to participate in creating the multimedia system of Avtovaz at the level of adaptation of its services . Avtovaz, in turn, plans to install multimedia systems with Yandex services to the main part of LADA cars .The companies expect to conclude a strategic partnership agreement by Dec. 31.  Full Article

FAS approves increase of stake in Avtovaz by Alliance Rostec BV
Monday, 13 Mar 2017 12:44pm EDT 

Federal Antimonopoly Service: Said on Friday it approved application of Alliance Rostec BV to increase its stake in Avtovaz . Following the transaction Alliance Rostec BV will hold more than 75 pct in Avtovaz .Currently Alliance Rostec BV owns 64.6 pct stake in Avtovaz.  Full Article

Avtovaz Feb. sales in Russia 20,003 vehicles, up 5.1% YR/YR - AEB
Thursday, 9 Mar 2017 01:28am EST 

Association of European Businesses (AEB):Avtovaz February sales of new cars and light commercial vehicles (LCV) in Russia 20,003 vehicles versus 19,035 vehicles year ago.  Full Article

Avtovaz plans to lay off 740 employees
Monday, 20 Feb 2017 03:45am EST 

Avtovaz : Plans to cut 740 employees not engaged in main activity, which is less than 2 percent of its total number of personnel . Says the process will be conducted in full accordance with Russian law . Says all laid off employees will be offered existing vacancies in all divisions of Avtovaz, including in the industrial park Further company coverage: [AVAZ.MM] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Avtovaz completes placement of additional share issue
Tuesday, 27 Dec 2016 12:53am EST 

Avtovaz :Says placed 88.52 pct of additional share issue or 2.9 billion shares.  Full Article

Avtovaz launches production of LADA Vesta and Lada XRAY in Kazakhstan
Friday, 9 Dec 2016 01:53am EST 

Avtovaz :Says launches production of LADA Vesta and LADA XRAY as well as Largus wagon and liftback Granta in Kazakhstan.  Full Article

Avtovaz November sales of new cars and LCV in Russia 25,507 vehicles, up 18.2% YR/YR - AEB
Thursday, 8 Dec 2016 05:20am EST 

Association of European Businesses:Avtovaz November sales of new cars and light commercial vehicles (LCV) in Russia 25,507 vehicles versus 21,580 vehicles in November 2015.  Full Article

Avtovaz 9-month net loss widens to RUB 34.0 billion
Friday, 28 Oct 2016 08:39am EDT 

Avtovaz : 9-Month net loss 34.0 billion roubles ($540.11 million)versus loss 15.8 billion roubles year ago .9-Month sales revenue 130.48 billion roubles versus 131.23 billion roubles year ago.  Full Article

Avtovaz approves additional issue of 3.28 billion shares
Wednesday, 12 Oct 2016 01:55am EDT 

Avtovaz :Extraordinary general meeting of shareholders approves additional issue of 3.28 billion shares to be offered in open subscription.  Full Article

Avtovaz to start production of LADA Largus in Kazakhstan
Tuesday, 4 Oct 2016 04:19am EDT 

Avtovaz :As of November plans to start production of LADA Largus at ASIA AUTO factory in Kazahkstan.  Full Article

More From Around the Web


Exclusive: Top Russian carmaker Avtovaz considering delisting from Moscow Exchange -sources

MOSCOW/PARIS Russia's largest carmaker Avtovaz is considering a delisting from the Moscow Exchange after a secondary share offering later this year, two sources familiar with the matter told Reuters.