Henkel has signed an agreement on the sale of its business activities in Russia to a consortium of local financial investors. In April 2022, the company announced the decision to exit from Russia.
Purchase Price Around 600 Mn Euros
The consortium that acquires the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group and Elbrus Services. All acquirers have established and long-standing business relationships in Western countries and are not subject to EU or US sanctions.
The agreed purchase price amounts to 54 billion rubles, which corresponds to around 600 million euros. The relevant Russian authorities have already approved the transaction; the final closing is still pending.
Source: Henkel