KAMAZ shares jump on news of EU green light for JV with Daimler

KAMAZ shares jump :  News that the European Commission had authorised the German carmaker Daimler to enter into a joint venture with  KAMAZ  sent the Russian  company’s share soaring by 40% on the Moscow Stock Exchange. The authorities in Brussels have ruled that the German-Russian  JV, to be established for the production of small and medium-duty trucks for sale in Russia and Belarus but not in the EU, will not violate EU competition law. 

Source: Interfax