German carmaker Daimler announced today it has signed a memorandum of understanding (MoU) with Russian investment bank Troika Dialog for the acquisition of five percent of the Kamaz shares held by the latter. This means that after the deal goes through, the Germans will own 15 percent of the Russian truck maker.
The planned increase of our stakes in KAMAZ is strengthening the strategic partnership of Daimler Trucks at KAMAZ, Andreas Renschler, Daimler responsible for Daimler Trucks and Daiml… (read more)