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

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

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Revenue(RF), mln.USD
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The Hessen pharmaceutical company Stada has spun off its Russian business. "The owners of Stada recently decided to separate the Russian business of Stada AG and transfer it to their own company, which works independently and under the name "Nizhfarm", - the company replied.

The Company Statement
December 23, 2023

The Russian authorities are discussing the possibility of introducing barrier duties of 220% on dietary supplements from unfriendly countries. The measure may affect such large manufacturers as Stada, Solgar, Unipharm. 11.2023: The entry about the founder of STADA ARTSNAIMITTEL was removed from the Unified State Register of Legal Entities. AGNIDDA LINKS S.A.R.L. becomes the new founder of the organization (probably internal deal). One of the largest German investors in the pharmaceutical industry of the Russian Federation, the company Stada, is moving its plants into a separate company and preparing them for sale.

January 02, 2024One of the largest pharmaceutical companies in Germany is leaving Russia
December 25, 2023German Stada has spun off the Russian division of Nizhpharm
August 16, 2023War and the ruble are spoiling business for EU firms remaining in Russia
May 24, 2023Additives are not necessary: protective duties on imported dietary supplements may be introduced in the Russian Federation
January 25, 2023Which pharmaceutical giants continue to work with the Russian Federation and why the Ministry of Health is failing an important front with the enemy
Financial Reports 2022
JSC "NIZHFARM" - Nizhny Novgorod - General Director O. F. Pozdniakova - TIN 5260900010
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