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AvtoVAZ CEO Says Renault in Talks to Boost Stake in Carmaker

February 4, 2010

Feb. 4 (Bloomberg) – Renault SA is in talks about boosting its stake in OAO AvtoVAZ, Igor Komarov, the head of the Russian carmaker, told Bloomberg Television in Moscow today.

“We are talking about it,” Komarov said in an interview at a Troika Dialog conference in Moscow today. “We are waiting for our investors to move forward with that plan.”

AvtoVAZ plans to sign a debt restructuring agreement in March, Komarov said.

 

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