“Of those who are in discussion with us about their care, so far it is Renault.
Renault, indeed, due to a lack of funds to maintain the performance or activities of its divisions in Russia, decides to transfer the shares of AvtoVAZ and Avtoframos.
"Avtoframos" - Moscow as a subject.
As for AvtoVAZ, then most likely it will be NAMI, our specialized institute, which will take over these shares with a possible return if colleagues decide to return, ”the minister told reporters.
His words are quoted by Interfax.
The transfer of a stake in AvtoVAZ by the French concern "will be, conditionally, a deal" for the ruble, "he added.
“But with an option for five or six years, the period during which they can decide to buy back the shares.
And if we make investments during this period, this will also be taken into account in the cost.
There will be no “gifts” here, ”Manturov specified.
The new leadership of AvtoVAZ will be appointed by US together with Rostec, he added.
On March 23, Renault decided to suspend the production activities of the plant in Moscow.