German automaker Volkswagen is in talks to buy a stake in the largest Russian manufacturer of light commercial vehicles GAZ Group. This was reported by sources familiar with the negotiations.
As noted, about the negotiations told the newspaper six sources in the industry, in the financial market and close to the negotiations, without specifying what share.
“The negotiations are going. It is possible to change ownership structure”, – said the Russian official on condition of anonymity, without specifying details.
“So far just talks. Called sniffing,” said a source in the financial market.
I’m not talking about a controlling share, it could be a minority stake, say other sources.
“Deripaska has been looking strategist, Volkswagen is also no Russian partner,” said an industry source.
At the same time, the representative of Volkswagen said it does not comment on market speculation. Representatives of Basel and Gas also declined to comment.
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