Date: 9 months ago   Category: Industry

Stocks of AvtoVAZ have risen almost 7% on news about delisting — Rambler News Service


Common stocks of AvtoVAZ at the trading of MICEX have risen on September 25 from 11,35 rubles to 12,1 rubles for paper against the background of news about delisting, data of the exchange demonstrate. Papers were trading at 10:11 at minimum price in 11,35 rubles for paper, by 16:24 maximum price has grown up to 12,1 rubles for an action. Minimum price of one action has grown up for 6,6% after the message about confirmation of plans of delisting of papers of AvtoVAZ by Rostec. The number of transactions was 92, and capitalization of automobile works has grown to 127,189 billion rubles. "Delisting will be. You know, now we will finish everything, with the credits we will deal, with those which we gave, redeem, we will finish the obligatory offer to all minority shareholders, we will redeem shares from all remaining minority shareholders, under the law they are obliged to sell to us shares of AvtoVAZ, and we will think then what next to do" — the head of Rostec Sergey Chemezova has told journalists earlier, commenting on a question of plans of delisting of the company. Earlier in July the Alliance Rostec Auto company (JV Rostec and Renault) has exposed the obligatory offer to minority shareholders of the plant after receiving a share of stocks of AvtoVAZ more than 75%.

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