ADVERTISEMENT
Mercedes-Benz to sell off Russian assets to local investor
AFP
Last Updated IST
Representative image. Credit: Reuters Photo
Representative image. Credit: Reuters Photo

German carmaker Mercedes-Benz is expected to sell its Russian assets to a local investor, the Russian ministry of industry and trade said Wednesday, becoming the latest automaker to exit 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.

Deccan Herald is on WhatsApp Channels | Join now for Breaking News & Editor's Picks

ADVERTISEMENT
ADVERTISEMENT
(Published 26 October 2022, 13:39 IST)