Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Volkswagen AG (OTC:VWAGY) has completed the sale of its assembly plant and other operations in Russia Art-Finance LLC, which the Russian Dealer Avilon supports.
- With the registration of the transaction, ownership of the shares held by Volkswagen Group Rus LLC and its subsidiaries are transferred to the buyer.
- The transaction includes the production facilities in Kaluga, the importer structure and the warehousing and financial services activities with all its associated employees.
- Also Read: Volkswagen April Deliveries Jump 39% As China Springs Back
- The Russian government authorities have approved the transaction.
- Though the parties have not disclosed a sales price, Russian media, citing local records, said the deal value was about €125 million ($135 million), reported the Wall Street Journal.
- Volkswagen spent €774 million to build the Kaluga plant, which opened in 2007. The plant can produce 225,000 vehicles a year.
- After Russia’s Invasion of Ukraine in 2022, Volkswagen halted operations at the plant and in Russia in February.
- Volkswagen joins the list of European carmakers like Mercedes-Benz (OTC:MBGYY) and Renault (OTC: RNLSY) to exit the country in the past year.
- Price Action: VWAGY shares closed higher by 0.22% at $16.10 on Friday.
- Also Read: Automakers Warn The Proposed US Emissions Rules Pose Challenges
- Photo via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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