The Service of the Commission for the Protection of Competition received on behalf of Renault S.A.S. France notification according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), of a proposed concentration concerning the acquisition of share capital of Public Joint Stock Company AvtoVaz.
Renault S.A.S is a company duly registered under the laws of France and is active in the design, development and selling of passenger vehicles and light commercial vehicles.
Public Joint Stock Company AvtoVaz is a company duly registered under the laws of Russian Federation, with shares listed on the Stock Exchange of Russian Federation. The company constitutes the manufacturer of the vehicles with the brand-name Lada.