Russia-based dealership expects to close Mercedes-Benz asset purchase by late February
Business & Economy
February 06, 2023, 18:39
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.