Currently reading: Mercedes-Benz to sell Russian business

German firm doesn't expect sale of regional industrial and financial divisions to significantly impact finances

Mercedes-Benz has confirmed that it will withdraw from the Russian market, pending the sale of its regional financial and industrial businesses.

It's currently in talks with Avtodom, a chain of Russian car dealers, and local media has reported that the deal may include a buy-back clause.

Nissan and Renault previously negotiated six-year buy-back clauses in the sale of their Russian assets, which would allow them to re-enter the region following an end to Russia's war on Ukraine.

The sale isn't expected to have a significant effect on the Mercedes-Benz Group’s financial positioning, said chief financial officer Harald Wilhelm.

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