The Commission on Monitoring Foreign Investments under the government of Russia has approved a €125 million deal between Avilon, a car dealer in Russia, and Volkswagen, which was looking for a buyer of its assets in Russia, the Interfax news agency reported, citing a person familiar with the matter.
Avilon Group has obtained permission to acquire Volkswagen’s subsidiaries in Russia such as Volkswagen Group Rus, Volkswagen Parts and Services, Scania Leasing, Scania Finance and Scania Insurance. According to an undisclosed person familiar with the matter, the permission was issued back on April 17.
Avilon has been considered the main buyer...