AvtoVAZ has closed the acquisition of the United Automotive Group for RUB 1.7bn (US$56.5m).
The transaction complied with terms of an MoU signed in December 2010 for the long term development and mordernisation of UAG’s IzhAvto.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The merged companies are preparing to start production of the new AvtoVAZ Lada Granta model line.
