The auto manufacturer’s assets will be transferred to a local investor German auto giant Mercedes-Benz announced on Wednesday that it will leave the Russian market and sell its stakes in its industrial and financial services subsidiaries to a local entity. According to the company, its shares in the local subsidiaries will be sold to car-dealer chain Avtodom. The buyer stated it would select a technology partner to continue operating the production facilities at the Esipovo industrial park northwest of Moscow, where Mercedes-Benz has a plant. Avtodom will be able to carry out maintenance of Mercedes-Benz vehicles
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