Venesuela may acquire 25% stake in the MAZ

Belarus is in talks with Venezuela over the sale of the shares of "Minsk Automobile Plant."

"Negotiations … We found an independent appraisal firm to assess the MAZ. This is necessary to deal took place," — said General Director of MAZ Alexander Borovsky.

According to national experts, we can talk about the sale of a 25% stake, Interfax reported.

"We have one hundred percent state ownership of all shares of the plant. Perhaps some of the shares to be sold — it is 8-10%, and today we have a clear promise from the government that the proceeds from the sale of these shares will be used for reconstruction of the company," — said Borowski.

"Today, interest in the assets of the enterprise show KAMAZ, the group" GAS "and the company Iveko. Negotiations with the latest company planned for the coming days, "- said General Director of MAZ Alexander Borovsky.



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