US Senate votes overwhelmingly in favor of Montenegro’s accession to NATOWorld March 29, 5:24
Putin’s popularity in Russia ‘unfaltering’ — GallupRussian Politics & Diplomacy March 29, 5:19
Lavrov says he plays football once a week, goes rafting every yearSport March 29, 3:59
UK prime minister signs formal Brexit letter to Brussels — official photoWorld March 29, 1:26
Some 20 Topol-M, Yars mobile ICBM systems take part in massive Central Russian drillsMilitary & Defense March 28, 23:10
Russia clinches last-minute 3-3 draw with Belgium in friendly football match in SochiSport March 28, 21:40
Washington-based National Symphony Orchestra members excited to perform in RussiaSociety & Culture March 28, 21:36
'Gentlefan' continues: 'Angels' greet Belgium football fans ahead of Sochi gameSport March 28, 21:12
Scottish parliament backs new referendum on independenceWorld March 28, 20:42
PARIS, March 13 (Itar-Tass) —— France’s Renault company plans to raise its stake in the capital of Russia’s biggest carmaker AVTOVAZ to controlling in April 2012, France’s financial daily La Tribune wrote on Tuesday.
The signing of the related agreement on the hike of Renault share in AVTOVAZ was postponed due to the elections in Russia, but it is a question of several weeks, Chairman of the Renault Russia company Bruno Ancelin said.
In his opinion, the document will be inked at the beginning of April.
Now, the Russian State Corporation of Technologies (Rostechnologii), Renault and Troika Dialog are the biggest shareholders of AVTOVAZ. Each of them holds a 25-percent stake.
AVTOVAZ is a full-fledged member of the Renault-Nissan alliance. Its facilities are expected to produce up to 1.2 million cars under the Renault, Nissan and LADA brands in 2020.