On Friday, in Moscow the ceremony of signing the contract for the sale of French company Renault package of 25% plus one share of "AvtoVAZ". The amount of the transaction, according to president Carlos Ghosn Renault, was $ 1 billion by as early as 2009 should see the first model VAZ-based Renault Logan, and by 2010-2011. range of the largest domestic automaker has completely updated. The French, in turn, hope that the Russian market for Renault to become the most important in Europe. Details of the transaction said after the signing of Carlos Ghosn, the company paid for 25% plus one share of "AvtoVAZ" $ 1 billion, which corresponds to the market valuation. The money, according to director general of the state corporation "Russian Technologies" Chemezov, today will go to the company. However, participants in the transaction did not specify whether the French will immediately blocking or will be implemented before the reservation scheme, where Renault immediately receives only half the package, and the remaining shares will be transferred by mid-2008 after the elimination of cross-ownership "AvtoVAZ". Joint plans at a press conference, representatives from both companies spoke about their plans. In the autumn of 2008, according to Chemezov, "AvtoVAZ" could sell to private investors in Russia and the UK has a number of its shares. Earlier, Ruben Vardanyan, the head of the company "Troika Dialog", which is one of the shareholders of "AvtoVAZ", stated that "AvtoVAZ" may bring an IPO to 25% of its shares. The first jointly developed a Renault and "AvtoVAZ" should appear already in 2009 According to the president of "AvtoVAZ" Boris Aleshin, it will be a seven-seater station wagon on the platform of Renault Logan. Later there will be other models, and Carlos Ghosn did not rule out that Russia will be used and technology company Nissan, which is part of an alliance with Renault. Chemezov, in turn, promised that the domestic automakers lineup completely updated k2010-2011. Great Expectations, with its updated range "AvtoVAZ", which is by far the largest producer of automobiles in Russia, and Renault, which currently assembles the models at the factory in Moscow, plans to significantly increase production. If in 2007 "AvtoVAZ" has sold 663.5 thousand cars, and Renault has collected 80 thousand machines, already in 2012, the partners plan to jointly produce 1.2 million vehicles a year. But by 2014, only at a factory in Togliatti will produce up to 1.5 million vehicles a year. At the same time Renault has promised to actively support the Russian company's technology. As reported on Friday the governor of the Samara region, Vladimir Artyakov, the French company intends to take part in the establishment of Technopark in Togliatti, where the main production is based "AvtoVAZ". In turn, hope to find foreigners in our country is a significant market for its products. "Russia will become a major market for Renault," - said Carlos Ghosn, noting that the Russian car market over the past five years has doubled. Deputy Ghosn also said that Russia "will soon become the first car market in Europe." As RIA "Novosti", according to Pelaty, Russia - is "a huge country with a very low level of availability of vehicle ownership," with "affordable" fuel and at the same time, with "little choice of cheap cars." The French do not doubt that they will be able to effectively exploit the potential of "AvtoVAZ" to create a cheap and reliable car, in which consumers need. Life apart Meanwhile, signing the agreement, both companies have reserved the right to "privacy". So, Renault will continue to collect their cars Logan at the Moscow plant "Avtoframos." The company has already invested in this company $ 250 million, and in agreement with the Moscow government, signed in May 2007, will invest another $ 150 million and will double the capacity of the plant. "AvtoVAZ" is, in turn, does not intend to refuse to cooperate with General Motors, with whom he produced Chevrolet Niva SUVs and passenger cars Chevrolet Viva. According to ITAR-TASS New Vice President of GM Europe, managing director of GM Russia and CIS Chris Gabby, GM, and "AvtoVAZ" is serious about the development of joint business and the presence of others that can not hurt.
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