Transmission nearing completion // Valeo sells business in Russia to Avtopribor
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The French company Valeo has agreed to sell the Russian power systems business to NPK Avtopribor and is awaiting approval of the deal by government agencies. Moreover, the company wants to retain the right to repurchase assets. Now in the Russian Federation, the Samara site Valeo continues to work, which makes just the elements of transmissions. The statements of the Russian company indicate that AvtoVAZ remains its main client; before the crisis, transmissions from the plant were also supplied to a number of brands that left the Russian Federation.
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