
Fazer Group sells Russian business to bakery firm Kolomenskij
Fazer said in early March it would be leaving the Russian market following the invasion of Ukraine.
ByFazer said in early March it would be leaving the Russian market following the invasion of Ukraine.
ByPresident Putin has warned Moscow would seek “legal solutions” over the ownership of assets that remain in the country.
ByMarket watchers point to a large degree of pragmatism and lateral thinking learnt from the crises of the past.
ByAndrey Turchak said Russia “will not tolerate stabs in the back”.
ByThe announcement follows last week’s decision by Fazer to suspend exports to the country.
ByFazer does have assets in Russia, generating EUR157.4m in sales in the country in 2021.
ByTrensums generated revenues of SEK779m (US$85.6m) in its most recent financial year.
Finnish food company Fazer Group is investing in the manufacturing of oat-based products.
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