Mercedes-Benz, Daimler Truck Say Cannot Confirm Talks on Russian Stake Sale

Mercedes-Benz logos are seen at the company's vehicle assembly plant in Chakan, outside Pune, India, on June 11, 2015. Danish Siddiqui/Reuters

Daimler Truck and former parent Mercedes-Benz on Wednesday said they could not confirm talks on a possible sale of Mercedes-Benz’s stake in Russian vehicle and engine maker Kamaz to top shareholder Rostec, dismissing an earlier report.

TASS news agency had cited Rostec CEO Sergey Chemezov as saying it was in talks with Mercedes-Benz to acquire the carmaker’s stake in Kamaz.