Sergei Chemezov News
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OAO AvtoVAZ, Russia’s biggest automaker, will seek to borrow as much as 60 billion rubles ($2 billion) by 2015 for its biggest overhaul “in decades” with Renault SA and Nissan Motor Co.’s help, to compete against international brands.
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Russian Technologies Corp. can’t be privatized now, though the state-run holding is prepared to sell shares in individual companies, said Chief Executive Officer Sergei Chemezov .
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Russia expects to soon sign a contract to buy four Mistral helicopter carriers from France, Russian Technologies Corp. Chief Executive Officer Sergei Chemezov told reporters today in Moscow.
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OAO AvtoVAZ, the Russian automaker part-owned by France’s Renault SA, will end the year with a profit after a loss last year as the economy starts to recover and the government offers incentives to encourage new car sales.
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Russia annulled a contract valued at about $800 million to supply an S-300 air-defense battery to Iran and is in talks on refunding an advance payment made by the Middle East country.
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Russian Technologies Corp., a state industrial holding company, is preparing several units for share sales as early as in 18 months as the government seeks funds to upgrade manufacturing and diversify the economy.
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Russia and India are in talks to jointly build a new stealth fighter with India, said Russian Technologies Corp. Chief Executive Officer Sergei Chemezov .
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Nissan Motor Co. , Japan’s third- largest carmaker, aims to acquire a 10 percent stake in OAO AvtoVAZ , the Russian automaker’s state-owned investor said.
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OAO KamAZ, Russia’s biggest truckmaker, was poised for its strongest level in four months, after the head of its state-owned shareholder said Daimler AG is seeking to gain a controlling stake.
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Russian Technologies Corp. may sell a stake in OAO Technopromexport, a builder of power stations in Russia and elsewhere, to a fund in the Middle East, Interfax reported, citing Chief Executive Officer Sergei Chemezov .
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