AvtoVAZ shareholders vote against dividends for 2017
TOLYATTI, Samara Region, May 17 (PRIME) -- The shareholders of Russian car producer AvtoVAZ voted against dividends for 2017 on Thursday because of a 12.38 billion ruble net loss attained by the company in 2017 under Russian Accounting Standards (RAS).
Alliance Rostec, a joint venture between Renault-Nissan and state industrial corporation Rostec, owns 83.5% in AvtoVAZ. RenaultТs stake in the joint venture is 61.1% and RostecТs one 38.9%
(62.3033 rubles Ц U.S. $1)