OREANDA-NEWS. Federal financial markets service have registered a report on the split of common and preferred stocks of AvtoVAZ, states Veles Capital with reference to a press-release of the Russian car maker. In order to conduct this procedure AvtoVAZ issued additional 2 719.4624 mln common stocks and 493 mln preferred stocks nominated in 5 RUR. To remind, the offering of shares was made by splitting of the share by 100. Hence, nominated value of common and preferred stocks is now 5 RUR. The experts expect trades on given shares to begin very soon. "AvtoVAZ had to do this split to raise liquidity of its securities. However, we do not think that this will cause an active purchase of AvtoVAZ's shares. We still think that business of the Russian car maker is highly risky and unpromising at the given stage. Apart from info on split results, AvtoVAZ also announced its intention to publish IAS 2006 report soon. Due to this we now will review model of AvtoVAZ, recalling recommendations on the given shares until the corresponding report is published," the analysts concluded.