UPDATE 1-Russian automaker GAZ confirms 2008 IPO plans

Newswire

(Adds executives' quotes, details) MOSCOW, Aug 30 (Reuters) - Russian vehicle maker GAZ , which recently bought a British vanmaker, confirmed on Wednesday it planned an initial public share offering 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, which expects sales of 100 billion roubles ($3.7 billion) this year, is ...

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