Mercedes-Benz has sold the shares in its Russian subsidiaries to local investor Avtodom, thereby completing its withdrawal from the Russian market, a spokesperson said on Wednesday.

"The necessary official approvals have been granted and the contractual agreements have been implemented; the closing of the transaction was completed in April 2023," the spokesperson said in an emailed response to a Reuters query as to the status of the deal.

(Reporting by Victoria Waldersee, Alexander Marrow; Editing by Rachel More)