OREANDA-NEWS. November 19, 2007. The KAMAZ department of corporate financing reported that KAMAZ Inc. completed the procedure of acquisition of its own shares on 22 October 2007.

There were signed contracts of acquisition of 78 million 518 thousand equities that made up less than 10% of the authorized capital. After that 707 million 230 thousand KAMAZ shares remained in circulation. Their principal value is 35 billion 361 million rubles.

On 9 November 2007 the KAMAZ Board of Directors approved the report on the results of shares acquisition. It contains information for making necessary alterations in the articles of association which is connected with reduction of the authorized capital.