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OAO AvtoVAZ (AVAZ), Russia’s largest carmaker partly owned by Renault SA (RNO), won’t pay dividends for several years as it plans to boost investment, Interfax reported today, citing AvtoVAZ Chief Executive Officer Igor Komarov.
To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net