KamAZ Mulls MAZ

Russian Technologies, the biggest shareholder of top truck maker KamAZ is in talks over a potential acquisition by KamAZ of its Belarussian rival MAZ, KamAZ’s chief executive said Friday.

“We are always interested in either a controlling stake or the 100 percent,” Sergei Kogogin told reporters, adding that the company currently “had no money” to finance the takeover.

Russian Technologies has a 49.9 percent stake in KamAZ, while Germany’s Daimler owns 11 percent.

(Reuters)


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