MOSCOW, Nov. 25 (Xinhua) -- Daimler Truck AG, a subsidiary of German automaker Daimler AG, has acquired a 15-percent stake in Russian truck maker Kamaz.

A new Mercedes-Benz Actros semi-autonomous haulage truck cabin, manufactured by Daimler AG, stands on stage at the IAA Commercial Vehicles Show in Hanover, Germany, on Wednesday, Sept. 19, 2018. (File photo: VCG)

The transaction took place on Nov. 15, according to a Kamaz statement on Monday, without elaborating.

Kamaz is Russia's top producer of heavy cargo trucks. It also manufactures a broad spectrum of other commercial vehicles, including diesel, gasoline and electric-powered buses.

Russian state-run conglomerate Rostec is Kamaz's largest shareholder. Another big owner is Avtoinvest company, which is controlled by a group of Russian business people and bankers.