Support The Moscow Times!

Daimler’s KamAZ Stake

KamAZ jumped as much as 5 percent Friday after Sergei Chemezov, chief of Russian Technologies, said German carmaker Daimler planned to increase its stake in the vehicle maker.

Daimler intends to raise its stake from 11 percent to a blocking share of at least 25 percent, Chemezov said Thursday. Russian Technologies controls 49.9 percent of KamAZ.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.