Putin approves sale of Russian Schaeffler factory to Wolf – Economy

2023-11-27 16:52:04

Herzogenaurach – Russian President Vladimir Putin has given the German auto and industrial supplier Schaeffler the green light to sell its Russian business. Schaeffler might then hand over the system to Prom Avto Consult, according to a statement published by the Kremlin on Monday. The Austrian entrepreneur Siegfried Wolf is behind Prom Avto Consult. According to previous information, the purchase price for the plant in Ulyanovsk is ten million euros.

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