AvtoVAZ boss announces retirement - shares down 12%

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In Moscow story dated October 27 and headlined "Avtovas boss announces retirement - shares down 12%", please read the headline as "AvtoVAZ boss announces retirement - shares down 12%".

The full article reads as follows:

AvtoVAZ boss announces retirement - shares down 12%

MOSCOW, October 27 (RIA Novosti) - Shares in Russia's biggest carmaker, AvtoVAZ, fell 12% on the Moscow Interbank Currency Exchange (MICEX) Thursday after the company's chief executive announced his retirement.

AvtoVAZ stock was being traded at 718-719 rubles per share up until 17:37 Moscow time when the news of 64-year-old Vladimir Kadannikov's retirement emerged; the price then dropped to 710 rubles.

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