AvtoVAZ to get over 20 bln rbls state help - Putin

Newswire

TOGLIATTI, Russia, March 30 (Reuters) - Russia's largest car maker AvtoVAZ can expect over 20 billion roubles in state funds and should attract a further 90 billion itself, Russia's Prime Minister Vladimir Putin said on Monday. He told a meeting with AvtoVAZ's workers the factory needed the money to pay debts to parts suppliers and redeem other debts. The shares of AvtoVAZ were up 27 percent at 0908 GMT. (Reporting by Anton Doroshev, writing by Dmitry Zhdannikov; editing by Melissa Akin)

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