Henkel recently announced that the company 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 had announced the decision to exit from Russia.

The consortium that is acquiring the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group, and Elbrus Services. All entities acquiring the business have established and long-standing relationships in western countries and are not subject to EU or U.S. sanctions.

The agreed purchase price amounts to 54 billion rubles, which corresponds to around €600 million. The relevant Russian authorities have already approved the transaction; the final closing is still pending.

Learn more at www.henkel.com.