Avilon closed the deal to buy the Russian plant Volkswagen
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The register notes that the deal was closed on May 22. The cost is not disclosed. Earlier, Interfax reported that it was agreed at the level of 125 million euros.
On May 19, the Volkswagen press service reported that the company sold its share in Volkswagen Group Rus to the Russian legal entity LLC Art-Finance, which owns the dealer “Avilon“. The latter also received the Volkswagen Components and Services, Scania Insurance, Scania Finance, and Scania Leasing companies owned by Volkswagen.
The Volkswagen plant in the Grabtsevo technopark near Kaluga was launched in the SKD mode in 2007. Two years later, it switched to full-cycle car production, including welding, painting and assembly. The enterprise can produce up to 225,000 cars per year. In 2015, a plant for the production of 1.6-liter engines was opened there (capacity – 150,000 per year).
The Art-Finance company was established in February 2023. Its owner is Andrey Pavlovich, President of the Avilon Group.
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