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2012-09-10 00:00:00
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Daimler AG signed an agreement on acquisition of a 10% stake in Russian truck manufacturer Kamaz from Troika Dialog investment bank for $250 million. The German car-maker will transfer $250 million to the bank account of Troika in 2008. Besides, Daimler promises to pay additional $50 million in case of successful cooperation. Daimler planned to acquire 42% in Kamaz, but had to tame its appetite to 10% over the economic situation. However, 10% is enough to provide a foothold in the Russian market.
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