Companies sell their businesses in Russia

Oct 12 - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets.

The French carmaker sold its majority stake in Avtovaz to the Russian state in 2022, reportedly for only one rouble but with a six-year option to buy it back.The German carmaker completed the sale of its Kaluga production plant and local subsidiaries in May.The French bank sold its Rosbank business to Russia's Interros Capital in May 2022, taking a 3.1 billion euro hit.

Finnish packaging maker Huhtamaki sold its Russian operations for 151 million euros and forestry firm Stora Enso exited the country with the sale of three corrugated packaging plants to local management last year.The restaurant operator in May closed the sale of its KFC business in Russia to Smart Service for 100 million euros.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market today: Wall Street rises as pressure relaxes from the bond marketNEW YORK (AP) — Stocks closed higher as pressure relaxed on Wall Street from the bond market. The S&P 500 rose 0.5% Tuesday. The Dow added 134 points, and the Nasdaq composite climbed 0.6%.
Fonte: SooToday - 🏆 8. / 85 Leggi di più »

Russia and Saudi Arabia discuss oil market, prices amid Israel-Hamas warSaudi Arabia and Russia have co-ordinated supply cuts in recent years to support oil prices
Fonte: globeandmail - 🏆 5. / 92 Leggi di più »

US futures step higher with Fed minutes on deck: Stock market news todayFresh inflation data and the release of Federal Reserve minutes should give insight into whether the era of hikes is over.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stocks climb, yields plop amid hopes Fed is done with hikes: Stock market news todayDovish comments from Fed policymakers are spurring optimism that the tightening campaign could be over.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Stock futures step higher as CPI inflation holds steady: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

US futures rise with CPI inflation update on deck: Stock market news todayAll eyes are on the Consumer Price Index report for insight into whether the Fed is winning the inflation fight.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »