Concern Manufacturer of household and industrial chemicals Henkel AG has completed the sale of Russian assets, the transaction price is 54 billion rubles. About this company reported in your press release.
“On April 20, 2023, Henkel announced that it has signed an agreement to sell its business operations in Russia to a consortium of local financial investors. Henkel announced its decision to end its activities in Russia last year… The cost of the transaction is 54 billion rubles (approximately 600 million euros),” the press release said.
The message indicates that the transaction has already been committed.
Company announced About the deal on April 20. The consortium, which will own the concern’s Russian assets, includes Augment Investments, Elbrus Services and Kismet Capital Group. The transaction amount will be 54 billion rubles. The company noted that the closing of the transaction will occur in the near future.
Henkel decided to sell its business in Russia in April 2022. On February 9, 2023, it was announced that the concern’s activities in the Russian Federation were suspended. At the beginning of the year, Henkel Russia began operating as an independent company, Lab Industries.