Bloomberg News

AvtoVAZ Shelves Dividends, Saves Funds for Investment, IFX Says

By Yuliya Fedorinova
February 28, 2012

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

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus