29 Apr 2014 13:37

Sollers posts offer to buy 10% ordinary, 49% prefs in UAZ auto works

MOSCOW. April 29 (Interfax) - Sollers has posted a mandatory offer to buy shares from minority shareholders in Ulyanovsk Automotive Works (UAZ), Sollers said in a statement.

The offer applies to 374,788,240 ordinary and 204,021,813 preferred shares.

UAZ has 3,725,819,763 issued ordinary shares and 416,837,248 preferred shares, par value 1 ruble each.

On that basis, Sollers is offering to buy 10.06% ordinary shares and 48.95% prefs.