15th December 2008, 16:14
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Senior Member
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Join Date: Sep 2008
Location: Tynedale
Age: 79
Posts: 3,698
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Quote:
German manufacturer Daimler inked a deal Friday to purchase 10 percent of Russian truck maker KamAZ at a price 3.5 times the stake's current market value.
The deal calls for $250 million to be paid immediately, and another $50 million to be paid in 2012 if the business develops favorably, Troika Dialog CEO Ruben Vardanyan said Friday, after the deal was signed by Daimler, Troika Dialog, KamAZ, and state corporation Russian Technologies.
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http://www.moscowtimes.ru/article/600/42/373127.htm
Quote:
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KamAZ, based in Naberezhnye Chelny, Russia, said on Nov. 13 that it plans to lay off employees to cut costs because of weaker demand in the Russian truck market.
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http://www.bloomberg.com/apps/news?p...&refer=germany
OTOH, I agree that now is a good time to establish new potential markets.
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