German giant to take hit on Russia exit ...News

Henkel has announced it will sell its assets to a consortium of local investors German consumer goods giant Henkel AG expects a net financial loss as it exits Russia, the company announced this week without disclosing the scale of the damage. Henkel revealed on Thursday that it had signed an agreement to sell its business in Russia to a consortium of local investors for 54 billion rubles ($661 million). The group includes companies such as Augment Investments, Kismet Capital Group, and Elbrus Services. Henkel stressed that the buyers were not subject to EU or US sanctions, adding that they had “long-standing bus

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Last updated : 23 April 2023 clock 11:00 AM

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German giant to take hit on Russia exit ...News

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