The Federal Antimonopoly service approved the petition of AVTOVAZ on the acquisition of 100% of the management company "IzhAvto" United automotive group. While FAS has obliged the company to inform the service about the changes in the share market, as now together with shareholders, its share on the Russian market of cars approaching 45%. Now the share of production at "IzhAvto" in the total market is insignificant. But the FAS fears that after the purchase of the Izhevsk automobile plant Alliance of AVTOVAZ and Renault-Nissan can actively begin to develop production there and will gradually dominate the market. In addition, with increasing prices for cars more than 15% relative to the value for the previous year must submit to the Antimonopoly authority rationale about the cause of rising prices. Recall, Sberbank (OAS is its subsidiary), AVTOVAZ and "Russian technologies" at the end of last year signed an agreement on long-term development and modernization of the Izhevsk automobile plant. Investment in AVTOVAZ in IzhAvto will be 7 billion rubles money Volga automobile plant will provide a loan of Sberbank. The production of Lada Granta on the conveyor plant in Udmurtia starts from mid-2012.