The Italian manufacturer of trucks and buses IVECO Group left the capital of a joint venture in Russia (Iveveo-amt). It is reported by TASS.
The CEO of the company Herrita Marx specified that the company will transfer its share to the local partner, now the former, but this will take some time. In response to the question of journalists about the value of the transaction, he stated that “the case is not in money.”
The company had a joint venture “Ivera-AMT”, in which the Italians belonged to 33%, in the city of Miass of the Chelyabinsk region. It produced buses and off -road trucks that were in demand in the oil and gas sphere, logging and mining industries.