Automakers

Mercedes exits Russian market with buyback option

Mercedes Production Russia
Production at Mercedes' plant north of Moscow. (MERCEDES-BENZ)
R
By:
Reuters
April 26, 2023 01:04 PM

Mercedes-Benz said it had completed its exit from Russia, selling shares in its Russian subsidiaries to local investor Avtodom but with a buyback option to keep doors open for a possible return.

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