07 June 2004 06:37
Ruspromavto to enter stock market
He said that the company is planning this move because in
conditions of high interest rates, the company is not able to
NIZHNY NOVGOROD. June 7 (Interfax) - Russian automobile holding company OAO Ruspromavto plans to enter the stock
market at the end of 2005, company General Director Alexander Yushkevich told journalists.
He said that the company's launch on the stock market is also
due to the fact that most of companies within the holding are in
effectively attract bank credits for development. He also said that the company needs hundreds of millions of dollars
to develop.
themselves not of major interest to investors.
Ruspromavto includes AO Gorky Automobile Plant, AO Ural Automobile Plant, four bus plants-AO Pavlovsky Bus, AO Kurgan
Bus Plant, Likino Automobile Plant and Golitsino Bus Plant, and a number of other companies. [RU EUROPE ASIA EEU EMRG
AUT IPO STX] rd <>
[Interfax] |
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