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19 May
15:37

Volkswagen sells Russia assets to domestic investor

Volkswagen Group has completed the sale of its shares in Volkswagen Group Rus including its local subsidiaries – Volkswagen Components and Services LLC, Scania Leasing, Scania Finance, Scania Insurance – to Art-Finance. The buyer is supported by Russian dealership Avilon, Kallanish notes.   With the registration of the transaction, ownership of the shares in the authorised capital of Volkswagen Group Rus and its subsidiaries is transferred from th…
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