Sollers in talks to buy Mazda out of Russian joint venture

Reuters

Center

High Factuality

Private Equity: The Woodbridge Company

Sollers in talks to buy Mazda out of Russian joint venture

MOSCOW - Russian automaker Sollers is in talks with Mazda Motor Corp about buying the Japanese company's stake in their Russian joint venture, Sollers said on Monday, as Mazda prepares to wind down operations in Russia. Mazda, which sold 30,000 cars in Russia last year, said in March that exports of parts to the venture's Vladivostok plant were going to end and production would cease