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Jan 19, 2012

TRUCKMAKERS NEWS * WORLDWIDE

* Russia - Russians battle over Belarus truck maker MAZ


Minsk,Belarus -BNE, by Sergei Kuznetsov -January 18, 2012: -- Russia's truck maker KAMAZ, whose biggest shareholder is Rostekhnologii (state corporation Russian Technologies), and Russkie Mashiny (Russian Machines Corporation), which controls GAZ Group, continue their battle over a possible merger with Belarus' state-owned truck maker MAZ...  With Russian Technologies, Belarus intends to establish a joint holding company Rosbelavto, which will later be given equal shareholdings in MAZ and KAMAZ for management...  A source close to the negotiations tells bne on condition of anonymity that Russian Machines Corporation, controlled by Russian billionaire Oleg Deripaska, proposed to initially buy a blocking shareholding in MAZ from the Belarusian government...


* India - After UK's Optare, Ashok Leyland close to two more acquisitions

Guindy,Chennai,India -The Economic Times -20 Jan, 2012: -- Ashok Leyland is closing in on two acquisitions in buses and foundry businesses as the truck maker stays on the prowl after buying 75% stake in UK bus maker Optare Buses, a top official said...  The Hinduja Group will invest close to Rs 2,000 crore in the next couple of years in the firm to grow its automotive business in India and elsewhere, Ashok Leyland Chairman, Dheeraj Hinduja, said. India's second largest commercial vehicle company will step on the gas in emerging markets to become a global player...   "Organically, we have made most of the investments we needed to make. Now the focus is on acquisitions. After Optare, there are two more acquisition opportunities we are closing in on for buses and foundry. We are actively eyeing areas of foundries, buses and engineering and design services companies (for aerospace and defence)"...

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