The government will buy shares of AvtoVAZ in the 12 billion rubles

Reported by RBC, citing documents automobile. This amount Rostekhnologii be able to purchase nearly 314,780,000 shares at a price of 40.24 rubles. apiece.

As previously reported, the first phase of an additional issue, which will culminate at AvtoVAZ in 2011, Russian Technologies will increase its stake from the current 25% +1 share to 29%, and the French concern Renault will retain 25% package. It is also planned that the French company would make to the budget of the Volga plant 114 million euros in technology and equipment, and Russian Technologies - another 330 million euros due to the conversion of debt AvtoVAZ (65 billion) in front of her shares of the company.

In the second stage an additional issue, which is scheduled for late 2012, the share of Russian Technologies "will be increased to 44%, while the total additional issue will be 1.01 billion euros.