Avilon automobile group did not purchase the Russian Hyundai factory. In this respect reports No Limits Telegram channel with a link to the company’s press service.
“Avilon Automotive Group is not affiliated with Art-Finance LLC and AGR LLC (AGR is the new name of the former VW plant in Kaluga) and is not part of its structure,” says the press service of Avilon AG.
On Tuesday, Korean agency Yonha’s St. It was stated that Art-Finance LLC was chosen as the buyer of the Hyundai factory in St. Petersburg. A number of media outlets named the Russian group Avilon among the main beneficiaries of this legal entity.
Russian Hyundai factory Sold 140 thousand won (about 10 thousand rubles). The agreement specifies the possibility of a buyback within the next two years. The cost of the facility in the northern capital is estimated at approximately $219 million.
The Hyundai plant has been in St. Petersburg since 2010. It operates in St. Petersburg. Its production capacity allows it to produce 200 thousand cars per year. The Hyundai Creta and Solaris, as well as the Kia Rio and Rio X-Line, were produced at the facility before production was halted in March 2022.
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