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. Last Updated: 07/27/2016

AvtoVAZ May Lose Retailer

AvtoVAZ may lose control of its fully owned unit Lada-Service, which is also its biggest retail network, Kommersant reported, citing an unidentified person close to the company.

Lada-Service, which sells a quarter of all AvtoVAZ cars, wants the parent company’s permission to sell new shares and may seek an outside investor or a management buyout, the newspaper said. 

(Bloomberg)