The buildings of the Asia Auto automobile assembly plant, which is a partner of AvtoVAZ in Kazakhstan and assembles the Lada car, have been put up for auction.
How informs The news agency “NewTimes.kz” reports that the starting price of the lot is 5 billion tenge. Applications will be accepted until May 3 and the electronic auction will be held on the 4th.
In May 2020, Asia-Avto management made a statement that the country’s Ministry of Industry and Infrastructure Development terminated the agreement with the enterprise due to the plant’s non-compliance with the terms of the production modernization contract.
The Ministry of Industry of Kazakhstan stopped its cooperation with the factory and demanded the return of 405 million dollars, which Asia-Avto received for more than 10 years as a choice and benefit. In November 2020, the Asia-Auto factory suspended its operations.
Previously reportedHe said there is a shortage of Volkswagen, BMW, Skoda and Audi cars in the Russian market.
Source: Gazeta
