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Renault — Share Issue/Capital Change 2017
Jan 6, 2017
1625_iss_2017-01-06_81ff47a4-098d-47b5-9c55-ae6324d2ffe9.pdf
Share Issue/Capital Change
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INFORMATION RELATED TO THE CONSOLIDATION OF AVTOVAZ BY GROUPE RENAULT FROM 31 DECEMBER 2016
Renault SA 13/15 quai Alphonse Le Gallo 92100 Boulogne-Billancourt
Boulogne, January 6th, 2017
- Groupe Renault took part in the public offering for recapitalizing AvtoVAZ in December 2016.
- Groupe Renault now holds more than 50% of the ARA B.V. (Alliance Rostec Auto B.V.) joint venture, the majority shareholder in AvtoVAZ.
- Compliant with current accounting standards, Groupe Renault will therefore consolidate the AvtoVAZ balance sheet on 31 December 2016, and its profit-and-loss account from 1 January 2017.
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