Avtodom to close deal to acquire Mercedes plant within month

MOSCOW, Dec 12 (PRIME) -- Russian car dealer Avtodom expects to close a deal to acquire German car concern Mercedes-Benz’s plant in the Moscow Region within a month, CEO Andrei Olkhovsky told PRIME on Monday.

“Closing of the deal mostly depends on the work pace of the state authorities, we have filed all the necessary documents. Our plans are to close the deal within a month, certainly excluding the New Year holidays,” he said.

The production may be restarted in eight to nine months after agreement on a new brand, whose cars will be produced at the plant, he also said.

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