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MOSCOW, April 20The German concern Henkel AG, one of the world's leading manufacturers of household and industrial chemicals, has entered into an agreement on the sale of business in Russia with a consortium of local investors, the transaction amount will be 54 billion rubles, according to a company press release.
«Henkel signed an agreement on selling its business in Russia to a consortium of local financial investors,» the concern writes.
The consortium, which will own Henkel's Russian assets, includes Augment Investments, Kismet Capital Group and Elbrus Services. It is noted that all the necessary approvals from the state authorities have been received and the closing of the transaction is expected in the near future.
Last spring, Henkel announced it was pulling out of business in Russia. At the beginning of the year «Henkel Russia» began to operate as an independent company Lab Industries. In its financial statements for 2022, the company indicated that it plans to complete the sale of Russian assets in the first quarter of 2023.
«With new investors, the company begins a new stage of development, and together we intend to continue the course towards sustainable and profitable growth, expanding the portfolio products and market coverage… We will pay special attention to maintaining jobs, high quality of production processes and products with increasing volumes,» said Sergey Bykovskikh, CEO of Lab Industries.
Henkel Group of Companies is one of the largest European chemical concerns producing household chemicals, cosmetics and construction products. Among the company's brands are glue Moment, cleaning products Pemolux, Persil, Pemos, Losk, Laska, Vernel; cosmetics and hygiene products Fa, Taft, Shamtu, Schwarzkopf, Syoss; finishing products Ceresit, Metylan and others.