Russian Technologies board approve Kamaz stake buy

Newswire

MOSCOW, April 30 (Reuters) - The board of Russian Technologies has approved the purchase of 12.12 percent in Kamaz , which will take the state corporation's holding in the country's biggest truck maker to just short of 50 percent. Russian Technologies -- tasked with developing the non-oil sectors of the economy -- has said it hopes to turn a profit by buying more Kamaz shares now in the still crisis-hit market and selling them later at a higher price. [ID:nLDE63P0M9] According to the ...

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