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.

             

En conséquence, conformément aux normes en vigueur, le Groupe Renault consolidera le bilan d'AVTOVAZ au 31 décembre 2016, et son compte de résultats à partir du 1er janvier 2017.


INFORMATION REGARDING THE CONSOLIDATION OF AVTOVAZ


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Source: RENAULT via Globenewswire