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Major Investor for Volkswagen Russian Plant

The European Bank for Reconstruction and Development is planning to invest in Germany’s Volkswagen in building its first car plant in Russia. The EBRD has estimated that it could spend 30 million euros to acquire the enterprise’s stock, as well as another 250 million Euros as credit to Volkswagen.

At present, the total volume of investments made for the development of the Volkswagen plan has exceeded one billion Euros. Plant construction has already started last October 2006

This entry was posted on Saturday, August 4th, 2007 at 11:59 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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