Mercedes-Benz to sell its shares in Russia to local investor

Wednesday, 26. October 2022 09:35

Mercedes-Benz will leave the Russian market and sell its shares to a local investor, AVTODOM, the Russian representative of the company said on Wednesday. At the same time, the news was also confirmed by the Russian Ministry of Industry and Trade.

"The main priorities when agreeing on the terms of the deal were the maximum fulfillment of obligations to customers from Russia both in the sphere of after-sales service and financial services, as well as preservation of jobs of employees in Russian departments of the company," said Natalia Koroleva, General Director of Mercedes-Benz Rus JSC.

Besides, according to the ministry's statement, the new owner of the Russian division of Mercedes-Benz, AVTODOM, will be able to carry out all production and maintenance operations at the plant in the Esipovo industrial park.

Related Links: Mercedes-Benz Group
Baha Breaking News (BBN) / JG