Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackKährs BondCo AB is a leading manufacturer and distributor of flooring.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackAlready at the beginning of March 2022, Kährs decided to, in addition to sanctions, stop all investments as well as import and export flow from Europe to and from the company's operations and other suppliers in Russia. Kährs’ operations in Russia have continued, but at a lower level. The process of evaluating a divestment in a structured and responsible way, due to the changed market conditions, is now being initiated.
Kährs started a process to evaluate the possibilities and conditions for divesting its operations in Russia.
June 30, 2023 |