The Service of the Commission for the Protection of Competition received on behalf of the company Daimler AG notification of a proposed concentration according to Article 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the purchase of part of the share capital of Open Joint Stock Company (OJSC) Kamaz.
Daimler AG is a company duly registered in accordance with the laws of Germany, with shares listed on stock exchanges in Frankfurt and Stuttgart. The Daimler group operates worldwide in the construction and sale of cars, lorries and buses, under the brand names Mercedes-Benz, AMG, Mercedes, Smart, Mitsubishi Fuso, Freghtliner Wetsern Star, Setra, Orion BharatBenz, and Thomas Built Buses. This group of companies is also active in the provision of financial services including financing and borrowing.
The Open Joint Stock Company (OJSC) Kamaz is a company duly registered in accordance with the laws of Russia. The Kamaz group of companies is an integrated industrial truck production unit, with sales mainly in Russia.