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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Gaz PAO    GAZA   RU0009034268

GAZ PAO

(GAZA)
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Exclusive: VW in talks to buy stake in Russia's GAZ - sources

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12/01/2017 | 01:19pm EST
The Volkswagen logo is shown on an I.D. concept vehicle at the Los Angeles Auto Show

MOSCOW (Reuters) - German carmaker Volkswagen (>> Volkswagen) is in talks to buy a stake in GAZ (>> Gaz PAO), a Russian manufacturer of light commercial vehicles (LCV), five sources familiar with the talks told Reuters.

MOSCOW (Reuters) - German carmaker Volkswagen (>> Volkswagen) is in talks to buy a stake in GAZ (>> Gaz PAO), a Russian manufacturer of light commercial vehicles (LCV), five sources familiar with the talks told Reuters.

It was not immediately clear how big a stake is being discussed or the value of the deal.

GAZ is a part of the Basic Element group that holds the assets of Russian businessman Oleg Deripaska. Both GAZ and Basic Element declined to comment, while a spokesman at VW headquarters said he does not comment on market speculation.

"There are talks, they are trying to reach an agreement. Deripaska has long been looking for a partner and VW does not have a Russian partner," one well-placed industry source said.

Another well-connected car industry source, two financial market sources and another person familiar with the matter also said talks were under way.

One of the sources said that a decision on the size of the proposed stake sale has yet to be made.

A source close to VW also confirmed that talks were in progress but said the possibility of the German group taking a stake in GAZ is not the only mater under consideration.

(Addional reporting by Katya Golubkova, Polina Devitt and Jack Stubbs in Moscow and Andreas Cremer in Berlin; Editing by David Goodman)

By Gleb Stolyarov and Tatiana Voronova

Stocks treated in this article : Volkswagen, Gaz PAO
Stocks mentioned in the article
ChangeLast1st jan.
GAZ PAO End-of-day quote.
VOLKSWAGEN AG 0.80% 181.36 Delayed Quote.2.91%
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Financials (USD)
Sales 2017 -
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 -
Capi. / Sales2017 -
Capi. / Sales2018 -
Capitalization 137 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 642,18  RUB
Last Close Price 445,00  RUB
Spread / Highest target 44,3%
Spread / Average Target 44,3%
Spread / Lowest Target 44,3%
EPS Revisions
Managers
NameTitle
Siegfried Wolf Chairman
Klaus Peter Paul Koob Independent Director
Valery Pavlinovich Shantsev Independent Director
Manfred Eibeck Director
Maxim Valeryevich Nagaytsev Independent Director
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