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Henkel completes the sale of assets in the Russian Federation for 54 billion rubles
In 2021, the revenue of Henkel Rus LLC amounted to 95.14 billion rubles, net profit – 7.48 billion rubles.
- By Newsdesk
- Russia
- May 08, 2023
Henkel, one of the world's largest producers of household and industrial chemicals, announced the completion of a deal to sell its assets in Russia. According to the company's press service, the amount was 54 billion rubles, as previously stated.
Henkel's assets were transferred to a consortium of local financial investors, including Augment Investments (beneficiary - Viktor Kharitonin, Chairman of the Board of Directors of PJSC Pharmstandard), Kismet Capital Group (owned by Ivan Tavrin), and Elbrus Services (owned by Dmitry Kryukov), on April 20.
Henkel announced the end of its operations in the Russian Federation in 2022, almost immediately after the Russian Federation's special operation in Ukraine began. As a result, the company ceased all investments, advertising, and sponsorship activities in the country. The factories of the company are spread across nine regions of the Russian Federation. They will all continue to manufacture products under the Henkel brand, including detergents and cleaning agents, adhesives, and surface treatments.