Russian car maker Avtovaz buys out GM from joint venture

This post was originally published on this site

MOSCOW (Reuters) – Russia’s biggest automaker Avtovaz said on Monday it would buy out General Motors (N:) from their joint venture producing vehicles in Russia under the Chevrolet brand.

Avtovaz has signed an agreement to buy GM’s 50% stake in the venture, it said without disclosing financial details of the deal.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.