Company news
20.04.2010
GAZ Group presents new products at ComTrans-2010 exhibition
| At the 10th International Specialized Exhibition ComTrans-2010 in Moscow, GAZ Group presents various modifications of the upgraded commercial vehicle GAZelle-BUSINESS, including GAZelle with LPG equipment launched into production together with Italian company OMVL. GAZ Group also exhibits its new buses. |
22.03.2010
GAZ Group President Bo Andersson receives “Best Market Newcomer 2009” award of Adam Smith Institute
| Bo Andersson, President of GAZ Group, received “Best Market Newcomer 2009” award at the 13th international Russian Automotive Forum. The automotive forum organized by Adam Smith Institute is taking place in Moscow from March 16 to March 18. |
22.03.2010
GAZ Group’s Autodiesel Plant receives “Technological Advancement” award of Adam Smith Institute
| Yaroslavl Motor Plant Autodiesel received the Best Innovation/Technological Advancement award at the 13th international Russian Automotive Forum. The automotive forum organized by Adam Smith Institute is taking place in Moscow from March 16 to March 18. |
16.03.2010
GAZ Group continues to repurchase bonds according to offer schedule
| In the framework of the restructuring of the corporate bond in the amount of 5 billion rubles, GAZ Group purchased 10% of debt securities yesterday under the offer declared in April 2009. The organizer of GAZ-Finance LLC’s corporate bond restructuring is CJSC Raiffeisenbank. |
01.03.2010
GAZ Group completes debt restructuring
| On March 1, 2010 GAZ Group completed restructuring of its RUR 39.3 billion bank debt. The Company entered into 5-year loan agreements with banks, providing for a two-year grace period for repaying the principal and 6 months grace for interest payments. Sberbank of Russia acted as organizer of the syndicate of GAZ Group's creditor banks, while Raiffeisenbank became documentation agent. |
