KamAZ Headed for Four-Month High on Daimler Stake: Moscow Mover
OAO KamAZ (KMAZ), Russia’s biggest truckmaker, was poised for its strongest level in four months, after the head of its state-owned shareholder said Daimler AG (DAI) is seeking to gain a controlling stake.
The stock jumped as much as 23 percent, and traded up 14 percent at 44.66 rubles as of 5:58 p.m. in Moscow. A close at that level would be its highest since Sept. 21.
Russian Technologies Corp. is ready to sell a KamAZ stake to Daimler, Sergei Chemezov told reporters today in the Leningrad region.
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