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Topic: Mercedes-Benz to sell shares in Russian subsidiaries to local investor (Read 29 times) previous topic - next topic

Mercedes-Benz to sell shares in Russian subsidiaries to local investor

Mercedes-Benz to sell shares in Russian subsidiaries to local investor

[html]BERLIN (Reuters) – Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial and financial…
                              

BERLIN (Reuters) –     Mercedes-Benz said on Wednesday it would withdraw from the Russian market and sell shares in its industrial and financial services subsidiaries to a local investor, beco*ing the latest carmaker to exit the country.


A Mercedes spokesperson said the co*pany’s stake in Russian truckmaker Kamaz would not be affected by the intended transaction and should be transferred to Daimler Truck this year as planned.



(Reporting by Victoria Waldersee; Writing by Alexander Marrow; Editing by Andrew Heavens)


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