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  Thursday, April 2, 2020
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Russia's Federal Property Fund said Friday it will soon hold an auction to sell 1.47% stake in the country's leading automaker
Russia's Federal Property Fund said Friday it will soon hold an auction to sell 1.47% stake in the country's leading automaker, AvtoVAZ. More than 50% of AvtoVAZ [RTS: AVAZ] shares are currently owned by the company's subsidiaries. The initial offer price for the bloc of shares is 791.02 million rubles ($30.3 million) with subsequent bidding increments of 5 million rubles (about $191,000) each. Last year, AvtoVAZ, based in the Volga region city of Tolyatti, said exports increased by 10.7% compared to the previous year, and the company planned an increase in exports to over 200,000 cars and assembly sets in 2007, compared with 186,000 in 2006.
Print Russia's Federal Property Fund said Friday it will soon hold an auction to sell 1.47% stake in the country's leading automaker Bookmark Russia's Federal Property Fund said Friday it will soon hold an auction to sell 1.47% stake in the country's leading automaker

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