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
Lantmännen Unibake is one of Europe's largest bakery groups with 34 bakeries in 15 countries.
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"Lantmännen Unibake" LLC (tax id 5011023633) was sold to the European Medical Center (EMC) shareholder Shilov. The processes to divest the operations in Russia are now complete, which means that Lantmännen has left the country and the market in full.
Lantmännen has signed agreements to divest the Russian operations - a very important step in the divestment process - and is now awaiting approval from Russian authorities to complete the transaction. In March 2022, Lantmännen's operations in Russia were separated from the rest of the Group, as a first step in a divestment, and have since then acted completely independently. EMC shareholder Shilov takes ownership of former Lantmannen Unibake subsidiary in Russia.