Min says govt did not consider acquisition of GAZ Group stake

MOSCOW, Apr 17 (PRIME) -- Acquisition by the government of a part of Russian car producer GAZ Group has not been considered, Industry and Trade Minister Denis Manturov told reporters on Wednesday.

“This scenario has not been discussed, taking into account the fact that the company is working uninterruptedly… That’s why the issue was not on the agenda today,” Manturov said, adding that the shareholder Oleg Deripaska has not turned to the government for consultations.

Reuters reported that Deripaska could quit a controlling stake in GAZ Group in order to release the company from U.S. sanctions. Daimler and some others have stopped dealing with GAZ Group because of the sanctions, he said.

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