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Avtodom completed the acquisition of the Russian assets of Mercedes-Benz.

Synopsis

Avtodom, an automotive holdings in Russia, completed the acquisition of the Russian assets of Mercedes-Benz, a luxury and commercial vehicle automotive brand. Financial terms were not disclosed. “We are pleased to announce the completion of the acquisition of the Russian assets of Mercedes-Benz. It was a long and difficult process of transferring foreign assets to a local investor. We are pleased to announce the speedy resumption of the service of Mercedes-Benz cars in Russia and the work of other companies. Now that the deal is closed, everyone is concerned about the question of what will happen to the plant. We will be able to name our technology partner and share plans to resume production soon. The preservation of employees' jobs is the most important factor for us,” Andrey Olkhovsky, Avtodom General Director.

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