German industrial giant sells Russian business – official ...News

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German industrial giant sells Russian business – official
Henkel has announced that it has completed the sale of its assets to a consortium of local investors German consumer goods giant Henkel AG has finalized the sale of its business in Russia to a consortium of local financial investors for 54 billion rubles ($690 million), the group announced on Thursday. The new owners include Augment Investments, Kismet Capital Group, and Elbrus Services. Henkel earlier said that the buyers are not subject to EU or US sanctions, adding that they have “longstanding business relationships in Western countries.” Like many global companies, Henkel suspended operations in Russia last ye

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