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Russia-based dealership expects to close Mercedes-Benz asset purchase by late February

It was reported in late October 2022 that Mercedes-Benz intended to sell its stakes in Russian subsidiaries to the Avtodom dealership

MOSCOW, February 6. /TASS/. Avtodom, a Russia-based dealership, hopes to close a deal on acquiring Mercedes-Benz assets in Russia by late February, its press service told TASS.

"We expect to close the deal by the end of February, after a review of the matter by the government commission," the company said.

Earlier on Monday, Russian President Vladimir Putin authorized Avtodom to buy Mercedes-Benz Bank Rus, a banking subsidiary of the German holding.

It was reported in late October 2022 that Mercedes-Benz intended to sell its stakes in Russian subsidiaries to the Avtodom dealership.