Russian automaker GAZ confirms 2008 IPO plans

Newswire

MOSCOW, Aug 30 (Reuters) - Russian truck and van maker GAZ confirmed on Wednesday its plans for an initial public offering of shares on a foreign bourse in 2008. "If such a decision is taken, an IPO is possible on foreign markets in 2008," GAZ President Erik Eberhardson told reporters on the sidelines of a Moscow car show. He gave no details. GAZ is controlled by metals tycoon Oleg Deripaska. Last year GAZ Group emerged as a diversified auto maker by merging its car, truck and bus ...

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