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

WeWork is an American commercial real estate company that provides flexible workspaces for startups and other companies.

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
Revenue(RF), mln.USD
19
Assets(RF), mln.USD
83
Capital(RF), mln.USD
10
Glob.Revenue, mln.USD
3245
Staff(RF), 2021
23
Hotels
4
The Company Statement
April 16, 2024

Planning to divest Russian operations. Public statement condemning Russian invasion of Ukraine (estimated $10 million revenue for Russian operations in 2022). Continue operating in Russia with 4 locations in Moscow, increased revenue in 2022 vs 2021. The American coworking network WeWork has agreed to sell its business in Russia. Both companies went bankrupt several years ago. The deal with O1 Properties will include four sites in Moscow with a total area of about 18 thousand square meters. m. for 3 thousand jobs. The sale is being considered by a government commission. 04.2024: SPACE 1 LLC becomes the new founder of the organization. The entry about the founders of WEWORK COMPANIES (INTERNATIONAL) B.V. and WEWORK COMPANIES PARTNER (INTERNATIONAL) B.V. has been removed from the Unified State Register of Legal Entities.

January 22, 2024American coworking chain WeWork will sell its business in Russia to investment company O1 Properties
July 12, 2023WeWork Among Firms Still Active In Russia After Ukraine Invasion
June 27, 2023WeWork Coworking & Office Space Locations (4 in Moscow)
March 07, 2022WeWork Statement Regarding Russia Operations
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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