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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Investcafe
Provider: Investcafe

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Avtovaz OAO Establishes Joint Venture with Two Kazakh Companies-Kazakhstan Press-Club

Monday, 8 Oct 2012 08:00pm EDT 

Kazakhstan Press-Club reported that Avtovaz OAO has signed a cooperation agreement with two Kazakh companies, AZIA AVTO AO and NK SPK Ertis AO, for the establishment of a joint venture, Azia Avto Kazakhstan AO. Azia Avto AO will hold a 50% plyus one share, NK SPK Ertis will hold a 25% minus two shares and Avtovaz OAO will hold a 25% plus one share in the joint venture venture. The estimated value of the investment is USD 400 million. The new unit should be in operation by 2015. 

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