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KAMAZ sells Ukraine truck unit to European partner

May 05, 2014, 16:52 UTC+3 KIEV
“The business has been sold to a European partner,” the company's officer says
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© EPA/MAURITZ ANTIN

KIEV, May 05. /ITAR-TASS/. Russian truck manufacturer KAMAZ has sold its sales and servicing business in Ukraine to a foreign concern, a KAMAZ Trade Representations spokeswoman told ITAR-TASS on Monday.

“The business has been sold to a European partner,” she said, without specifying the buyer’s name and the date of the deal. “The company is continuing its operations, the dealer network is continuing working as previously. No changes have happened so far.”

Inventories and the dealer network had KAMAZ trucks available but sales had recently slowed, the spokeswoman added.

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