MOSCOW -- The controlling shareholder of Rolf, Russia's largest car dealership group, said on Thursday it was exploring options for selling the company.
A spokeswoman for Delance, which is Cyprus-based and controlled by the family of Rolf's founder, said it had considered selling Rolf over the last few years and that there had always been interest from potential buyers.
She said the company planned to sell its stake in Rolf to a single buyer.
Founded in 1991, Rolf has dominated the car dealership market in Russia since the collapse of the Soviet Union.
In September Russian authorities issued an international arrest warrant for Sergey Petrov, Rolf's founder, over alleged illegal money transfers.