Source Pravda.Ru

AvtoVAZ could list its GDRs on Frankfurt and London stock exchanges

The AvtoVAZ carmaker discusses listing of its Global Depositary Receipts (GDR) on the Frankfurt and London stock exchanges, member of the AvtoVAZ Board of Directors Albert Gavrikov reported at a press conference today. Currently, AvtoVAZ's GDRs are traded on the Berlin Stock Exchange. The share of GDRs in the share capital of AvtoVAZ is less than 1 percent, or over RUR16bn (about $506.53m). According to Gavrikov, the top management of the car producer considers different variants regarding what stake in the company to convert into GDRs.

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