Mercedes-Benz intends to sell its shares in its subsidiaries to a local investor – AVTODOM Company

Top Quote Mercedes-Benz intends to sell its shares in its subsidiaries to a local investor. End Quote
  • (1888PressRelease) October 28, 2022 - AVTODOM reports that they have reached the final stage of agreeing on an investment deal with Mercedes-Benz and will be able to talk about further steps after completing all relevant authorities’ approvals.

    AVTODOM Company will make every effort to maintain the service of Mercedes-Benz cars sold and operated in the territory of the Russia, while their main priority is to maintain the loyalty of Russian customers.

    In the near future, a technology partner will be selected for the further operation of the production facilities of the plant in the Esipovo Industrial Park.

    AVTODOM Company has previously announced its plans for vertical integration of business and organization of its own industrial assembly in the territory of the Russia and the EAEU.

    The AVTODOM Company was founded on December 21, 1992. It is one of the largest automotive holdings in Russia, specializing in sales and maintenance of premium and luxury cars today. There are 13 global brands in the AVTODOM portfolio: AURUS, BMW, BMW Motorrad, MINI, Lamborghini, Porsche, Audi, Mercedes-Benz, Volvo, Land Rover, Jaguar, Ducati and KTM. 27 dealer centers of the company are located in Moscow, St. Petersburg and Krasnodar. AVTODOM is constantly evolving. It builds new dealerships and upgrades the infrastructure of existing ones, actively develops sales of used cars, and offers a full range of financial services.

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