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. Renault’s stake in the joint venture is 61.1% and Rostec’s one 38.9%

(62.3033 rubles – U.S. $1)

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