AvtoVAZ counting on state banks for $2.7 bln

Newswire

MOSCOW, March 30 (Reuters) - Russia's largest car maker AvtoVAZ 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 and VTB as well as Gazprombank, which is co-owned by state-run gas export monopoly Gazprom . (Reporting by Anton Doroshev, writing by Dmitry Zhdannikov; editing by Simon Shuster)

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