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)
