Factbox: Company sells its business in Russia

Oct 10 (Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they seek to comply with sanctions over the Ukraine conflict and deal with threats that the Kremlin could confiscate foreign assets.

Below is a list of companies that have sold operations in Russia:

car

** British car dealer Inchcape (INCH.L) sells its Russian operations to local management

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** Italian truck and bus maker Iveco (IVG.MI) transfers 33% stake in its AMT truck assembly joint venture in Russia to local partner

** French tire maker Michelin (MICP.PA) plans to transfer its Russian operations to a new locally managed entity by the end of 2022

** French carmaker Renault (RENA.PA) sold its majority stake in Avtovaz (AVAZI_p.MM) to a Russian scientific institute and transferred all Renault Russia shares to the city of Moscow

** MAN Truck & Bus and Scania, owned by German truck maker Traton (8TRA.DE), expect to sell their Russian sales company and Scania’s Russian financing business to a local partner by the first quarter of 2023

bank

** Britain’s HSBC (HSBA.L) agrees to sell its Russian business to Expobank, subject to Russian regulatory approval

** Czech investment group PPF sells its Russian banking assets, including consumer lender HCFB and its subsidiaries, to investors led by Ivan Tyryshkin

** Societe Generale (SOGN.PA) sold its Russian business Rosbank (ROSB.MM) to Interros Capital, a company linked to Russian oligarch Vladimir Potanin

Consumer electronics products

** Swedish home appliance maker Electrolux (ELUXb.ST) hands over its operations in Russia to local management

** Its Electrolux Professional (EPROb.ST) branch also sold its Russian operations to local management

** Whirlpool (WHR.N) sells its Russian business to Turkey’s Arcelik (ARCLK.IS)

Electrical Components and Equipment

** Finland’s Boreo (BOREO.HE) sells its 90% stake in YE Russia to a company controlled by its current director, Yrjö Pönni

** U.S. industrial firm Emerson Electric (EMR.N) agreed to sell its Russian operations to local management

** Finnish elevator maker KONE (KNEBV.HE) expects to close the sale of its Russian operations to local management in the fourth quarter of 2022

** France’s Schneider Electric (SCHN.PA) expects to sell its Russian subsidiary to local management by the end of 2022

** U.S. elevator maker Otis (OTIS.N) sells its Russian operations to local investment firm Ice Development

vitality

** French industrial gas producer Air Liquide (AIRP.PA) agrees to transfer its Russian assets to local management, subject to Russian regulatory approval

** Baker Hughes (BKR.O) agreed to sell its oilfield services business in Russia to local management, expected in the second half of 2022

** Italian utility Enel (ENEI.MI) sold its 56.43% stake in Enel Russia to Lukoil (LKOH.MM) and private fund Gazprombank-Frezia

** Norway’s Equinor (EQNR.OL) transferred assets of its Russian oil and gas joint venture to state partner Rosneft (ROSN.MM) and transferred its 30% stake in the Arctic Khayaga field to state-controlled Russian operator Zarubezhneft

** U.S. oilfield services firm Halliburton (HAL.N) sells its Russian operations to a management team of former employees

** Oil major Shell (SHEL.L) sells its Russian retail and lubricants business to Lukoil

** Singapore-based commodities trader Trafigura sells its 10% stake in Siberia’s Orient oil project to Hong Kong-registered trading company Nord Axis

** Total Energies (TTEF.PA) sells its remaining 20% ​​stake in Khayaga oil project to Zarubezhneft and its 49% stake in Terneftegaz to joint venture partner Novatek

food and drinks

** Finland’s Atria (ATRAV.HE) sold its Russian fast-food business Sibylla Rus to Russian meat producer Cherkizovo (GCHE.MM)

** Finland’s Fazer sells its Russian operations to Moscow’s Kolomenskij Bakery and Confectionery Holding

** Irish ingredients giant Kerry Group (KYGa.I) sold its Russian unit to local management and agreed to sell its Belarusian unit to a local operator

** Fast food chain McDonald’s (MCD.N) sells its Russian business to its licensee Alexander Govor

** Finnish food and beverage company Paulig sells its Russian operations to Indian private investor Vikas Soi

** Yum Brands (YUM.N) to sell its Pizza Hut business in Russia to local operator

** Finnish food processing company Raisio (RAIVV.HE) sells its consumer business in Russia to Copacker Agro

** Finnish dairy producer Valio sells its Russian operations to GK Velkom

industrial machinery

** The Powogaz division of Polish measuring equipment manufacturer Apator (APTP.WA) divested its entire stake in Russia’s AO Teplovodomer

** Danish industrial company Danfoss agrees to sell its Russian and Belarusian operations to local management, subject to shareholder approval and Russian regulatory approval

** Oerlikon (OERL.S) sells its Russian operations to local management

** Finnish forestry machinery manufacturer Ponsse (PON1V.HE) sells its operations in Russia and Belarus to OOO Bison

** Finnish forestry company Stora Enso (STERV.HE) sold three packing plants and two sawmills to local management and expects to complete the transfer of its forest operations by the end of 2022

Bale

** U.S. aluminum beverage can maker Ball Corp sells its Russian beverage packaging business to Arnest Group

** Norwegian carton packaging and filling equipment supplier Elopak (ELO.OL) sold its Russian unit to a company beneficially owned by local management

** Finland’s Huhtamaki (HUH1V.HE) sold its Russian business to Espetina Ltd, a holding company owned by Alexander Govor and Iury Kushnerov

** Britain’s Mondi (MNDI.L) agreed to sell its largest factory in Russia to an investment arm owned by Russian billionaire Viktor Kharitonin, subject to approval from shareholders and Russian regulators

** U.S. paper products company Sylvamo (SLVM.N) sold its Russian operations to Pulp Invest LLC

** Swedish-Swiss company Tetra Pak agrees to divest its Russian operations to local management, subject to regulatory approval

retail

** Polish LPP (LPPP.WA) sells its Russian company RE Trading to a Chinese consortium

** Sephora, the beauty chain owned by French luxury house LVMH (LVMH.PA), sells its Russian unit to local general manager

** Finland’s SOK sold the St. Petersburg store of its Prisma retail chain to Russia’s X5 (FIVEDR.MM) and sold its hotel business in the city to Russian investors Alexander Ermakov and Yury Shumakovare

other

** Swedish business services company Afry (AFRY.ST) expects to divest its Russian operations to local management in Q4 2022

** Biopharmaceutical company Bristol-Myers Squibb (BMY.N) to transfer its commercial operations in Russia to a third-party distributor

** Dutch recruitment firm Brunel International (BRUN.AS) hands over its Russian operations to local management

** U.S. agricultural trader Bunge (BG.N) agreed to sell its oilseed processing business in Russia to Exoil Group controlling shareholder Karen Vanetsyan

** British Tobacco Group Imperial Brands (IMB.L) sells its Russian business to ‘Russia-based investor’

** Orkla (ORK.OL) 42.6%-owned Norwegian paint maker Jotun sells its Russian assets to industrial group Atomstroykomplex

** Canadian gold miner Kinross (K.TO) sells its Russian assets to Highland Gold Mining Group

** Swedish ventilation system maker Lindab (LIAB.ST) sells its Russian unit to local managing director

** London-listed IT firm Softline (SFTLq.L) will transfer its Russian operations to its founder Igor Borovikov in November

** Japanese tech and entertainment group Sony (6758.T) sold the Russian arm of its music business to local management

** Finnish training company Soprano (SOPRA.HE) sells its MIF Russia division to local management

** Finnish builder YIT (YIT.HE) sells its Russian operations to Etalon Group (ETLNGq.L)

** Swiss insurer Zurich (ZURN.S) sells its Russian operations to 11 members of local team

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Additional reporting and compilation by Elena Vardon and Eliitsa Gadeva, Editing by Augustin Turpin, Enrico Sciacovelli, Ina Kreutz, Agnieszka Gosciak, Editing by Andrew Heavens, Susan Fenton, Emelia Sithole-Matarise and Milla Nissi

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