Avtodom Group closed the deal to acquire the Russian assets of Mercedes-Benz

April 25, 2023 Avtodom group of companies announced the closing of a deal to acquire the Russian assets of Mercedes-Benz.

The holding informs about the completion of the final stage of the transaction of the transfer of shares of Mercedes-Benz AG in the Russian subsidiaries to Avtodom JSC, including Mercedes-Benz Rus JSC (official distributor in the Russian Federation), Mercedes-Benz Manufacturing Rus LLC (a car plant near Moscow), Mercedes-Benz Bank Rus LLC, Mercedes-Benz Financial Services Rus LLC (leasing subsidiary) and Mercedes-Benz Capital Rus LLC (engaged in leasing, factoring and car insurance).

Avtodom Group received the right to carry out maintenance of Mercedes-Benz cars sold on the Russian market. Also, provide warranty and post-warranty support, resume the work of Russian companies and ship spare parts from the central warehouse.

?We are pleased to announce the completion of the acquisition of the Russian assets of Mercedes-Benz. It was a long and difficult process of transferring foreign assets to a local investor. We are pleased to announce the speedy resumption of the service of Mercedes-Benz cars in Russia and the work of other companies. Now that the deal is closed, everyone is concerned about the question of what will happen to the plant. We will be able to name our technology partner and share plans to resume production soon. The preservation of employees' jobs is the most important factor for us?, ? Andrey Olkhovsky, General Director of Avtodom Group, shared the news.

?The deal to transfer all Russian assets of Mercedes-Benz to the Avtodom group of companies has been closed. The Ministry of Industry and Trade of Russia, together with Avtodom Group of Companies, are working out options for attracting industrial partners for the speedy restart of the production site in Esipovo,? ? the press-service of the Ministry of Industry and Trade of Russia commented.

AVTODOM Group of Companies was founded in 1992. It is one of the largest automotive holdings in Russia today. It specializes in sales and service of premium and luxury cars. The company's portfolio includes 14 brands: AURUS, BMW, BMW Motorrad, MINI, Lamborghini, Porsche, Audi, Mercedes-Benz, Volvo, Land Rover, Jaguar, Ducati, BRP and KTM. 36 dealer centers are located in Moscow, St. Petersburg and Krasnodar.
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