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Ukraine: Mercedes Benz to sell Russian assets

Ukraine: Mercedes Benz to sell Russian assets

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By Agency Report

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said on Wednesday.
Mercedes-Benz becomes the latest automaker to exit Russia since Moscow sent troops to Ukraine.

“Mercedes-Benz intends to sell its shares in Russian subsidiaries to a local investor,” Avtodom, the ministry said in a Telegram statement.

AFP

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