Russia's Alfa says agrees to restructure GAZ debt

Newswire

MOSCOW, July 29 (Reuters) - Russian magnate Oleg Deripaska's indebted carmaker GAZ will restructure its debt with Alfa-Bank, allowing it to sign agreements with all creditors, the bank said on Wednesday. "Alfa Bank is prepared to join the restructuring of GAZ Group's debt," a representative of the bank said. GAZ, the industrial partner in a Magna led bid for Germany's Opel, is among the hardest hit on the Russian auto market, which needs state action to cope with a potential sales ...

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