Volkswagen Group continues to hold control of Volkswagen Bank RUS LLC following the disposition of its Russian assets, according to a Telegram channel named Unlimited.
Records in the Unified State Register of Legal Entities show that Volkswagen Financial Services AG, the Stuttgart-based subsidiary, retains 100% of the bank’s authorized capital. Representatives answering the bank’s hotline indicated that the institution is still managing the loan portfolio that had been established prior to the corporate changes.
The report suggests that the German automotive group maintains an official footprint in the Russian Federation. Industry observers note that Volkswagen has not yet secured a buyer capable of offering a price deemed satisfactory for this asset, underscoring ongoing market uncertainty surrounding the Russian operation.
In a broader deal reported last week, Art-Finance LLC, a subsidiary of Avilon dealer holding, emerged as the new owner in the sale of Volkswagen Group Rus LLC’s Russian assets. As part of the transaction, the Kaluga plant and the entities Volkswagen Components and Services, Scania Leasing, Scania Finance, and Scania Insurance were transferred to the new parent of Volkswagen Group Rus LLC. Analysts emphasize that this restructuring marks a shift in the asset portfolio while preserving some level of operational continuity for the entities involved. (Attribution: corporate filings and market reports)
Industry sources familiar with the developments state that the former Russian Ministry of Industry and Trade provided guidance to support the restart of production at the Kaluga facility under the new ownership. The assistance appears aimed at smoothing the transition and stabilizing the local manufacturing ecosystem during the change in control. (Attribution: ministry briefings and regulatory disclosures)