AvtoVAZ thinks over IPO and attracting a strategic investor

FSUE "Rosoboronexport" and "Three Dialog" think about the public placement of 10-15% of AvtoVAZ shares and attracting a strategic investor to the factory, which, in the opinion of the current owners of AvtoVAZ, may become businessman Oleg Deripaska or Renault.

According to the Vedomosti newspaper with reference to a source close to the leadership of AvtoVAZ, no decisions have yet been made, but technically the placement of AvtoVAZ is possible this year. For this, AvtoVAZ prepares a crushing of its shares with a coefficient of 1 to 100. When placing, both new shares and part of those that AvtoVAZ will redeem through the offer when eliminating the cross -owned form, which Rosoboronexport is supported by the “Three Dialogue”.

At the same time, the leaders of AvtoVAZ also think about the sale of papers with a strategic investor, several officials and sources close to the plant told. We are talking about a package of no less blocking, and the “basic element” of Oleg Deripaska or Renault may be an investor, an official familiar with the leaders of AvtoVAZ, and a source close to the plant, say.

The leaders of AvtoVAZ, according to the source close to them, consider different options, and many appear Deripaska and (or) a foreign investor.

Clarity in this matter may appear in late May - early June. “Then it will become clear whether there will be a“ strategist ”, whether there will be placement on the exchange,” the publication notes. There is no urgent need for both transactions, since IPO is more necessary so that AvtoVAZ has money to buy their own shares from the Daughters, experts notice, and a strategic investor is needed to share the responsibility for the projects of the enterprise and its future.

Last year, Renault wanted to buy a blockpacing of the AvtoVAZ shares last year, but Rosoboronekport refused her, despite this, according to the representative of Renault, Olga Sergeyeva, the car concerns continue to negotiate cooperation, but she did not reveal any details.