FAS has not received an application from Daimler to increase the share of “KAMAZ”
October 31, 2009 – 11:21 amFederal Antimonopoly Service (FAS) Russia has not received an application for the purchase of German automakers Daimler stake in Russia’s “KAMAZ”, said today in the press service of the regulator.
” Applications for the purchase of shares in the “KAMAZ” no “, – said the agency Reuters spokeswoman Irina Kashunina FAS. She clarified that there is a request from the company “FTC Holding GmbH, an affiliate of Daimler, to increase its stake in the company OOO” Fuzo Kamaz Trucks Rus “- JV” Kamaz “and Daimler.
Earlier Friday, FAS head Igor Artemyev said that Daimler has applied to increase its share of “KAMAZ” with 10%. “Yes, I heard about this, we have this motion, but I do not remember the details,” – said Artemev Interfax “.
” KAMAZ “and the Japanese automaker Mitsubishi Fuso Truck and Bus Corporation (85% of shares owned by Daimler) October 1, 2009 signed a letter of intent to establish a joint venture to manufacture trucks. The joint venture “KAMAZ” and Daimler LLC “Fuzo Kamaz Trucks Rus” is now undergoing registration.
note that the message of the intention to increase stake in Daimler KamAZ have stimulated the growth of quotations of Russia automaker. Shares KamAZ jumped by 25%, but after a denial FAS lost part of growth.
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