OREANDA-NEWS  The shareholders of Avtodom JSC (the controlling person of the dealer holding of the same name) at an extraordinary meeting approved a deal to acquire the Russian assets of the German carmaker Mercedes-Benz with a repurchase option, the press service of the car dealer reported.

Mercedes at the end of October officially announced its departure from Russia and its intention to sell shares in its local subsidiaries to Avtodom: Mercedes-Benz Rus JSC (official distributor in the Russian Federation), Mercedes-Benz Manufacturing Rus LLC (MBMR, plant in the Moscow region), Mercedes-Benz Financial Services LLC Rus" (leasing "daughter"), as well as Mercedes-Benz Bank Rus LLC and Mercedes-Benz Capital Rus LLC (engaged in leasing and factoring cars).

As follows from the message of Avtodom JSC, the company's shareholders approved this transaction at an extraordinary absentee meeting on November 23. The German concern is granted an option to repurchase shares in these legal entities "for a fair market price, which is subject to determination by an independent appraiser."

The amount of the transaction and the timing of its closure are not specified in the message.