Russian Technologies proposes Kamaz merger with Minsk Automobile Plant

By Keri Wagstaff-Smith

State-owned industrial giant, Russian Technologies, has proposed merging the country's military truck maker Kamaz and Minsk Automobile Plant (MAZ), Belarus' state-run heavy-load vehicles producer.

Under the terms of the merger, Kamaz would own 100 per cent of MAZ, while the Belarusian government would take a stake in Kamaz, Russian Technologies director, Sergei Chemezov, said on 15 February.

According to a report carried by Russian state-owned news service RIA Novosti, Chemezov said it was unlikely that Belarus would have a blocking stake in Kamaz, but that size of the share will depend on MAZ's agreed value.

This has not yet been established by the Russian state, said RIA Novosti, although Belarus' State Property Management Committee reportedly said that MAZ is worth USD2.5 billion.


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