Kamaz Board Chairman Sergei Chemezov in March announced the successful sale of a 5% stake in Russia’s largest Russian heavy duty-truck manufacturer to Germany’s Daimler AG and European Bank for Reconstruction and Development (EBRD). Currently, Kamaz is 11th among the world’s leading truck manufacturers and 8th in terms of global annual volume of diesel engines production.
The 5% stake was acquired by Daimler and EBRD from Troika Dialog for an undisclosed sum, thus reducing the investment bank’s stake in Kamaz from 44% to 39%. Another major shareholder in the Russian autogiant is Russian Technologies State Corp. with a 37.8% stake. “Daimler has increased its Kamaz share by 1 %, while EBRD acquired 4%, bringing the total to 5%. Thus, the aggregated share of foreign investors in Kamaz has increased to 15%,” Chemezov added.
Daimler is an old strategic partner of Kamaz. The partnership was boosted further last autumn, when the companies signed agreements for the creation of two joint ventures — Fuzo Kamaz Òrucks Rus and Mercedes-Benz Òrucks Vostok — for producing cars and buses in Russia.
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