Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Baker Hughes is an American multinational oilfield services company.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedBaker Hughes Announced Local Management Buyout of its Oilfield Services Business in Russia. 3 assets were sold on 15/11/2022: TYUMEN PLANT OF OIL-FIELD EQUIPMENT, "BAKER HUGE SERVICES RUS" LLC and LLC "ONGF". The company still continues exporting to Russia months after calls for trading to cease. Oilfield services company Baker Hughes, which sold its Russian business to management, told reporters in response to a request for comment that “as part of the normal process of assessing commercial opportunities, if and when sanctions against Russia affecting us are lifted, Baker Hughes will assess the commercial environment for a return.”
Sold local business on 15/11/2022. No longer provide engineering services to Russian LNG developers. Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia. But in January 2023 Baker Hughes sent Oil&Gas drilling equipment to Russia from Scotland. But the company still continues exporting to Russia months after calls for trading to cease.