Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Mercedes, is a German luxury automotive brand. In 2018, Mercedes-Benz was the largest seller of premium vehicles in the world, having sold 2.31 million passenger cars.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100Mercedes is selling its procation in Russia according to Kommersant, on 26/10/2022 announced its intention to leave the Russian market. Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been granted official approval. Group of companies "Avtodom" announced the closing of the transaction on the acquisition of the Russian assets of Mercedes-Benz. At the same time, it was previously reported that Mercedes agreed with the new owner of assets in Russia on a repurchase option, which can be implemented, but on the condition that sanctions are lifted. Mercedes-Benz disconnected Russian dealers from the software. JSC "MB RUS" continues to sell Mercedes cars in Russia.
Mercedes-Benz will suspend the export of passenger cars and vans to Russia as well as the local manufacturing in Russia until further notice, but is selling its production in Russia. Mercedes on 26/10/2022 announced its intention to leave the Russian market. Stopped manufacturing and exporting and will sell shares in subsidiaries. Putin Gives Mercedes Approval to Sell Russian Financial-Services Business. Final sale of financial-services and industrial assets is expected by the end of February 2023. The deal is closed in April 2023. Mercedes-Benz and BMW disconnected Russian dealers from the software.