Mercedes-Benz will give a local investor shares in its Russian businesses. According to a statement posted on the Russian Industry and Trade Ministry's Telegram channel on Wednesday, German automaker Mercedes-Benz intends to sell its shares in its Russian companies to the Avtodom dealer. The statement read: 'On the basis of the facility in the Yesipovo industrial park, Avtodom, the new owner of Mercedes-Russian Benz's businesses, will be able to attract other enterprises as partners to organise joint production.' According to Deputy Minister Albert Karimov, after the sale is completed, the new owner would be able to repair the brand's automobiles
Germany
Yesipovo
Ivanovskaya-oblast
Russia
Russian
German
Albert-karimov
Ministry-telegram
Mercedes
Russian-industry
Trade-ministry
Mercedes-russian-benz