Daimler has said that it has filed a request with Russian regulators to take a stake in Kamaz.
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“We filed a request with Russian anti-cartel authorities,” a Daimler spokesperson told AFP.
However, Daimler appears to be hedging its bets.
“If we decide to acquire a participation in Kamaz, we will have already filed the request, or maybe even obtained the authorisation, ” the spokesperosn added.
Daimler has said it will decide by the end of the year whether to invest in Russia, a fast-growing market the German group feels is key to its heavy truck activities.
Last month Daimler sources said it is now only planning to take a 10% stake in the business.
Earlier in November, just-auto reported that there had been a cooling off in the Daimler board for the deal to acquire a 42% holding, with rumours the deal would be postponed.
