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11 Nov
14:52

Sollers buys out Mazda's stake in Russian plant

Russian automotive company Sollers Auto will buy Japanese carmaker Mazda's 50% stake in their joint venture car assembly plant in Vladivostok, the Russian company confirmed to Kallanish. “Our plans are to restart the plant on a new model line next year,” says a Sollers’ spoke person. “All the necessary permits for the share buyout deal have already been received from the Federal Antimonopoly Service and the Government Commission.&rdquo…
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