Strategic truck partnership in Russia

Date:
12 December 2008
Description:
Daimler AG, Russian truck maker Kamaz, the state-owned company "Russian Technologies2 and the investment bank Troika Dialog sign the contract in Moscow for an exclusive strategic partnership. Daimler takes a 10 % stake in Kamaz from Troika Dialog and gets a seat on the Supervisory Board and extensive rights as a minority shareholder.

Pictures2

Daimler Trucks acquires 10% stake in Russian truck manufacturer Kamaz.
Contract signing, from left to right: Dr Krökel, A. Renschler, S. Skvortsov, S. Cemezov, S. Kogogin, R. Vardanian

Daimler Trucks acquires 10% stake in Russian truck manufacturer Kamaz.
Contract signing, left: Sergei Kogognin Kamaz OJSC right: Andreas Renschler Daimler AG