Germany’s Otto Group had been operating in the country for more than 30 years One of the world’s biggest e-commerce companies, Otto Group, has liquidated all of its assets in Russia, Kommersant newspaper reported on Friday, citing its sources on the real estate market. The German retailer sold its two warehouses in the Tver region to a local warehouse operator, Multicold. The assets were estimated to be worth an equivalent of just over $28 million but were reportedly sold at half the price. Multicold has confirmed the purchase and has already leased some of the storage space to Russian e-commerce giant Ozon. Otto
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