| Other Photos |
 |
|
 |
Model for Disassembly
Federal-run weapons exporter Rosoboronexport stands ready to part with the majority stake in AvtoVAZ, leaving the block one. The remaining 75 percent could be distributed in equal shares between a Western consortium, a Russian metal-maker – Alexey Mordashov or Alisher Usmanov - and the market.
Rosoboronexport General Director and AvtoVAZ BOD Chairman Sergey Chemezov expressed yesterday his views on the future stock capital of AvtoVAZ. According to top manager, Rosoboronexport will retain no more than the block stake in Russia’s automobile giant and sell the remainder. In particular, 25 percent in AvtoVAZ will be offered to one of the technological partners - Italian Fiat or French Renault.
“No more than a block stake” could be offered to owners of Russia’s metallurgical plants, Severstal owner Alexey Mordashov or Metalloinvest co-owner Alisher Usmanov, Chemezov specified. The remaining stocks (25 percent to 30 percent) will be in free float.
Spokesmen of Mordashov and Usmanov didn’t comment on Chemezov’s statement Wednesday.
The tricky point is that the plans of Chemezov contradict the plans of new AvtoVAZ Group President Boris Aleshin, whose idea is to consolidate Russia’s automobile assets around AvtoVAZ. In September, Aleshin suggested consolidating AvtoVAZ with KamAZ and GAZ, though later on he explained that this consolidation wouldn’t require “any dominant stock interest of one partner in another.” Aleshin refused to comment on Chemezov’s words yesterday.
www.kommersant.com
All the Article in Russian as of Sep. 27, 2007
|
|
|
