Putin allows Avtodom to buy Mercedes-Benz side bank

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Russian President Vladimir Putin allowed Avtodom JSC to purchase Mercedes-Benz Bank Rus from Mercedes-Benz Group AG, the order was published on the official Internet portal of legal information, informs Interfax agency.

We are talking about the acquisition of 100% shares of Mercedes-Benz Bank Rus. It is noted that the process does not require any other permission, consent or document.

October 2022 announcedMercedes-Benz leaves Russia and sells its assets to the Avtodom dealer holding, which promises to provide car maintenance and choose a partner to continue production at a plant in the Moscow region.

According to the senior manager of Avtodom, a business in the Moscow region to continue It will work in the summer of 2023. The factory plans to produce cars under a foreign brand.

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