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
Henkel
Henkel
Henkel AG & Co. KGaA, commonly known as Henkel, is a German multinational chemical and consumer goods company headquartered in Düsseldorf, Germany. It is active in both the consumer and industrial sectors.
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 CompletedTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
23549
Henkel aims to complete sale of Russia business soon. The consortium that acquires the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group and Elbrus Services. All acquirers have established and long-standing business relationships in Western countries and are not subject to EU or US sanctions.The agreed purchase price amounts to 54 billion rubles, which corresponds to around 600 million euros. The relevant Russian authorities have already approved the transaction; the final closing is still pending.
The Company Statement
April 20, 2023
In process of exiting business activities in Russia. Henkel put up assets in Russia and Belarus for sale and aims to complete sale of Russia business soon. Henkel agreed to sell business in Russia to local investors for 54 billion rubles. The consortium that acquires the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group and Elbrus Services. All acquirers have established and long-standing business relationships in Western countries and are not subject to EU or US sanctions.The agreed purchase price amounts to 54 billion rubles, which corresponds to around 600 million euros. The relevant Russian authorities have already approved the transaction. 04.2023: Founder entry HENKEL AG & CO removed. KGAALID HOLDING LIMITED and LEAD HOLDING LIMITED become the new founders of the local organizations. The division of the owner of the Persil brand in Russia will begin to operate as an independent company under a new name.
| March 04, 2024 | Henkel posts losses after divestment from Russian |
| January 24, 2024 | The former president of Henkel in the Russian Federation headed the beer manufacturer Bochkarev |
| December 12, 2023 | The German chemical industrial concern Henkel suffered a net loss of €214 million after it sold its Russian business and finally ceased operations in Russia |
| November 09, 2023 | Russia’s New Elite Emerges to Fill Void After Multinationals Flee |
| June 03, 2023 | German Soapmaker Henkel Has Option to Buy Back Russian Business |
| May 04, 2023 | Henkel delivers very strong organic sales growth in the first quarter |
| April 25, 2023 | Henkel agrees sale of Russian unit |
| April 23, 2023 | Henkel expects net financial loss from sale of Russia business |
| April 21, 2023 | Henkel expects net financial loss from sale of Russia business |
| April 20, 2023 | Henkel agreed to sell business in Russia to local investors for 54 billion rubles |
| March 07, 2023 | Henkel expects to leave the Russian Federation by the end of March |
| February 17, 2023 | In Russia, the range of hygiene products and household chemicals has sharply decreased after the departure of foreign brands |
| December 22, 2022 | Henkel aims to complete sale of Russia business soon -NZZ |
| December 17, 2022 | Henkel spins off its Russia business |
| December 16, 2022 | Henkel spins off its Russia business |
| December 16, 2022 | The division of the owner of the Persil brand in Russia will begin to operate as an independent company under a new name |
| November 08, 2022 | Henkel plans to finally withdraw from Russia by the end of 2022 |
| August 22, 2022 | Henkel has assessed losses from exiting the Russian and Belarusian markets and intends to complete this process by the end of this year |
| August 16, 2022 | Henkel put up for sale assets in Russia and Belarus |
| April 19, 2022 | Henkel to exit its business in Russia |
| April 12, 2022 | Henkel says a full withdrawal from Russia could have ‘far-fetching’ consequences |
| April 04, 2022 | Henkel to continue business in Russia for now |
| March 04, 2022 | Henkel will stop investments in the Russian Federation |
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