German carmaker Volkswagen is in talks to buy a stake in GAZ, a Russian manufacturer of light commercial vehicles, five sources familiar with the talks told Reuters.

It was not immediately clear how big a stake is being discussed or the value of the deal.

GAZ is a part of the Basic Element group that holds the assets of Russian businessman Oleg Deripaska. Both GAZ and Basic Element declined to comment, while a spokesman at VW headquarters said he does not comment on market speculation.

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Volkswagen In Talks To Buy A Stake In Russian Automaker GAZ

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