Russia and Belarus have agreed on merger terms KAMAZ and MAZ

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Belarusian and Russian sides have agreed in principle merger terms of "MAZ" and "KAMAZ" in holding "Rosbelavto," Chairman of the State Property Committee of Belarus Georgy Kuznetsov at a press conference in Minsk today, February 19.

"We agreed with the assessment of" KAMAZ ", the Russians — with a rating of" MAZ ", we bring into holding a 75% stake," MAZ ", subject to a blocking stake" — said Kuznetsov.

The head of the State Property Committee added that "Belarus will have a 50% stake in the holding company, it will be established on a parity basis."

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