Nissan to take stake in Russia's AvtoVAZ by end 2011

Newswire

ST PETERSBURG, Russia, June 17 (Reuters) - Japanese carmaker Nissan will buy a 4 percent stake in Russia's biggest carmaker AvtoVAZ from Russian state shareholder Russian Technologies by the end of 2011, Rustech said. "We will sell them a 4 percent stake this year," Rustech Chief Executive Sergei Chemezov told reporters at an economic forum in St Petersburg. Nissan and its French partner Renault , which already owns 25 percent of AvtoVAZ, have the blessing of the Russian government to ...

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