German manufacturer of household and industrial chemicals, Henkel AG, signed an agreement with a consortium of local investors to sell businesses in the Russian Federation in a press release.
Augment Investments, Kismet Capital Group and Elbrus Services are included in the consortium that will own the company’s assets in Russia.
“All necessary approvals have been obtained from government authorities, the transaction is expected to close in the near future,” the document says.
It is stated that the transaction amount will be 54 billion rubles.
Henkel decided to sell its business in Russia in April 2022.
February 9, 2023 Henkel CEO Carsten Knobel declaration In an interview with WirtschaftsWoche, he said that the German concern will completely cease its activities in Russia in the first quarter of 2023.
At the beginning of the year, Henkel Russia began operating as an independent company, Lab Industries.
Among the brands of the company are Pemolux, Persil, Losk, Laska, Vernel, Fa, Taft, Shamtu, Schwarzkopf, Syoss, Ceresit, Metylan and others.