Rostec withdrew from the shareholders of AvtoVAZ
[ad_1]
State Corporation “Rostec” withdrew from the shareholders of “AvtoVAZ” and transferred its stake to the subordinate Ministry of Industry and Trade Federal State Unitary Enterprise “Research Automobile and Automotive Institute” (NAMI). About this with reference to the data of the Unified State Register of Legal Entities informs Interfax.
The state corporation owned 32.3% of the Volga Automobile Plant. According to the Unified State Register of Legal Entities, on May 5, NAMI became the sole owner of Lada Auto Holding LLC.
About how Rostec is likely to withdraw from the shareholders of AvtoVAZ and transfer its stake to NAMI, Vedomosti wrote in October 2022. At that time, the Automotive State Institute owned 67.7% of the automaker. NAMI received this share for a symbolic 1 ruble. from the French group Renault, which left Russia in the spring. It was reported that if NAMI acquires a stake in Rostec, it will consolidate 100% of the shares of the automobile concern.
Rostec enterprises fell under US sectoral sanctions due to the annexation of Crimea back in 2014. At the end of June 2022, restrictions against the Russian state corporation were expanded: the US Treasury ordered to complete all transactions with Rostec itself, as well as 50 % and more organizations, until August 11.
The Vedomosti source, close to the Ministry of Industry and Trade, only noted that the controlling stake in the enterprise already belongs to the state, and from this point of view, conceptually nothing will change.
[ad_2]
Source link
