EXCLUSIVE: RUSSIA - GAZ unable to confirm amount of its shares held by metals group
Russian automaker OAO GAZ said it was unable to confirm brash claims yesterday by OAO Siberian Aluminium (Sibal) that the metals group held a critical stake of 25% plus one share in the car and light-truck producer. GAZ, whose foreign partners include European Bank for Reconstruction and Development (EBRD) and Fiat Auto SpA, has faced mysterious takeover threats for months, rumoured throughout to have come from Sibal. The metals group had denied any interest in the automaker categorically and repeatedly - even days ago. But Sibal said it now aims to take "absolute control" of GAZ, Bloomberg reported yesterday.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable