The German concern Henkel, which produces cosmetics and household chemicals under the brands Schwarzkopf, Syoss, Fa, Persil, will completely cease its activities in Russia in the first quarter of this year. It’s about CEO Carsten Knobel declaration In an interview with WirtschaftsWoche.
Knobel stated that the sale of Henkel’s business in Russia is planned to be completed by March. According to him, the final negotiations on this agreement are currently underway.
“This is a complex process, the contract is signed by multiple sellers and multiple buyers,” said the Henkel president.
16 December 2022 Kommersant newspaper WroteHenkel will operate in the Russian market as an independent entity under the name Lab Industries from 1 January 2023. The newspaper stated that Henkel has not yet sold its business. At the same time, there were those who were under the sanctions of the West among those who wanted to have a job. According to Infoline-Analytics Managing Director Mikhail Burmistrov, the transaction has a reasonable price of 600 million euros, but under these circumstances it should come at a substantial discount. Burmistrov added that Henkel is dedicating part of its business in Russia to relieve pressure from the European Union and gain time to prepare for the sale. The Russian business is likely to be sold in parts, but the total value still cannot exceed 300 million euros.
April 19 stated It plans to exit the Russian market. “In light of current events, we have decided to cease our activities in Russia. The execution process is currently being prepared,” explained Henkel. The company, which comes from Germany, is planned to help with the employment of 2.5 thousand employees from Russia.