Russia's AvtoVAZ may float 25 pct in autumn 2008

Newswire

MOSCOW, Jan 30 (Reuters) - Russia's leading car maker, Avtovaz , may float up to 25 percent of its stock in autumn 2008, a financial consultant for AvtoVAZ said on Wednesday. The head of Troika Dialog brokerage Ruben Vardanyan told reporters the car marker would be ultimately 25-percent controlled by the Russian state, 25 percent would be freely traded and another 25 percent would belong to French car maker Renault . Troika acts as a financial consultant for Avtovaz. (Reporting by Anton ...

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