Auto parts manufacturer Faurecia, which has been operating in Russia since 2005, is actively looking for buyers for its operations in Tolyatti. In this respect informs Volga News.
According to the publication, the company put up for sale one of its production facilities in Togliatti for 300 million rubles. Volga News sources claim that Faurecia is currently actively seeking buyers for its Russian factories. Offers to sell business in Russia began to come to the company in 2022, but then the deal did not materialize.
“Apparently, the company believed that the crisis would be resolved quickly and had an opportunity to stay in the Russian market,” the publication said of one of its interlocutors in the industry.
Volga News claims that one of the currently competing for the acquisition of part of the assets is called the Avtokomponent group. In the company’s annual report
Founded in 1997, Faurecia has been operating in Russia since 2005. Its main activities are the production of seats, electronics, interior parts and exhaust systems. The company estimated the one-time cost of leaving Russia at €143 million in its 2022 annual report.
It was previously known that Porsche. will sell With the possibility of repurchasing assets in Russia before 2028.