Companies / Russia
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Government Will Not Sell Stake In Kamaz
May 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Russian government has stated that it does not intend to sell its 38% stake in truck maker Kamaz, following reports that investment company Troika Dialog was planning to increase its stake to 54.4%. Instead, the government's stake will be transferred to the corporation's share capital with a view to the sale of a 20-25% stake to a Western truck-maker, with Volvo, Iveco, MAN and Scania cited as potential investors in the Russian media. An alternative scenario is a merger between Kamaz and its Belarusian competitor, Minsk Automobile Plant