State strengthens hold on Russia's AvtoVAZ -paper

Newswire

MOSCOW, Nov 22 (Reuters) - The head of Russia's state industry body Boris Alyoshin will become the new chairman of Russia's AvtoVAZ, the maker of Lada cars, Moscow business daily Vedomosti said on Tuesday, calling the move "quiet nationalisation". The paper said state representatives would hold a majority of the seats on the company's 12-member board following an election at an extraordinary shareholders' meeting set for Dec. 22. Increased state interest in AvtoVAZ, Russia's top ...

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