Finnish company Kone, one of the world’s largest elevator, escalator and elevator manufacturers, sold the assets of its Russian division and left the country. This situation was officially reported Web site companies.
In the statement made by the press service, it was said: “Kone Corporation, the world leader in the production of elevators and escalators, has completed the sale of its Russian division to S8 Capital, one of various holdings in Russia.”
It is known that the agreement was approved by the relevant units. The conclusion of the deal means that Kone is finally leaving Russia.
The transaction amount was not disclosed.
Kone announced in June last year that it was looking for a buyer for its business in Russia.
In 2022, Kone’s annual sales reached 10.9 billion Euros. More than 60 thousand employees were employed in the Finnish company.
At the time the agreement was signed, Kone had approximately 300 employees in the Russian Federation.
Leaving Russia before that Issue He’s holding VEON.
Formerly US Treasury extended Sanctions against Russia.