Clean Break: the company completely halting Russian engagements or exiting Russia

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SRV Yhtiöt Oyj (SRV) is a developer and innovator in the construction industry.

Clean Break: the company completely halting Russian engagements or exiting Russia

Leave Withdrawal
Revenue(RF), mln.USD
1
Glob.Revenue, mln.USD
985
Staff(RF), 2021
25
Capital(RF), mln.USD
11
Assets(RF), mln.USD
14

SRV Yhtiot Oyj reducted activities in Russia by selling a stake in three shopping centers, accelerating the exit from Russia, stopping the purchase of Russian building materials, refusing to develop business in the country, while SRV Group shopping centers continue to operate in Russia.

The Company Statement
August 02, 2023

Outline steps to stop procurement of building materials from Russia. SRV Yhtiöt Oyj sells most of its remaining Russian holdings, continuing its exit from the country. SRV Yhtiöt Oyj sells most of its remaining Russian holdings, continuing its exit from the country (sold stake in one shopping center, negotiating remaining assets).

March 04, 2022SRV’s statement on business operations in Russia
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