The assets of the South Korean automaker Hyundai were bought by Art-Finance, which was registered in 2023.
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Russian company Art-Finance completed an agreement to buy the Russian assets of South Korean automaker Hyundai Motor. This was reported by the press service of AGR Automotive Group.
Part of the deal is the LLC enterprise Hyundai Motor Manufacturing Rus in St. Petersburg.
company Art-Finance led by the former president of the dealer holding Avilon was registered in Moscow in February 2023.
In May of the same year, the company bought Volkswagen’s Russian assets, including the Kaluga plant.
About the purchase Art finance Hyundai’s Russian plant was identified by the end of 2023.
The agreement was approved by Volkswagen’s board of directors. The Hyundai plant in St. Petersburg resumed operations after two years of inactivity on January 9 this year. The company employs 800 people.
As we have already written, NAPC did not include the first company from the list of international sponsors of the war – the Irish Peninsula Petroleum Limited, which is a global supplier of marine fuel.
Source: korrespondent
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