Mercedes-Benz to sell off Russian assets to local investor
english.makalukhabar.com · Wed Oct 26 10:22:20 GMT 2022
MOSCOW: German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said Wednesday, becoming the latest automaker to exit since Moscow sent troops to Ukraine.
“Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor,” Avtodom, the ministry said in a Telegram statement.
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