Putin proposes extending term of Russia's Central Bank chiefBusiness & Economy March 22, 21:49
Mayor says investigation into London attack is underwayWorld March 22, 21:16
Ukrainian radicals urge Poroshenko to nationalize Russian banks’ subsidiariesBusiness & Economy March 22, 20:51
Peru is back on 2018 Dakar Rally track alongside with Bolivia, ArgentinaSport March 22, 20:08
Three dead, twenty injured in London attack — policeWorld March 22, 19:59
Stadium in Russia's Dagestan to be named after pole-vault queen IsinbayevaSport March 22, 19:19
Top pilots to fly Su-30SM jets over Moscow on Victory DayMilitary & Defense March 22, 18:53
Russian design bureau ready to integrate BrahMos missiles into frigates for Indian NavyMilitary & Defense March 22, 18:50
London police say they are treating Westminster incident as terrorismWorld March 22, 18:45
MINSK, December 18. /ITAR-TASS/. Belarus says a joint holding that will include Belarus and Russia’s biggest truck makers MAZ and KAMAZ can be created in the first half of 2014.
“At present, a contract was signed with the consortium Chadbourne & Parke LLP and Sorainen for legal analysis of the possibility of signing and implementing the trust agreement on shares in MAZ and KAMAZ,” the Belarusian government press service told Itar-Tass on Wednesday.
The project envisages the creation of a holding, which will get 75 percent plus one share in MAZ and 49.9 percent of shares in KAMAZ.
“If a decision on efficiency of the yet-to-be structure is positive, and there are all preconditions for this, we plan to finalise the issue on founding documents soon,” Belarusian Deputy Prime Minister Vladimir Semashko said.
“I believe we have chances to create a joint venture that is nominally dubbed as Rosbelavto in the first half of next year,” he said. In the event of the holding’s creation “MAZ will get an access to many export markets of KAMAZ.”
Moreover, if the two truck makers pooled efforts and pursued common technological policy, they would save huge funds, Semashko added.