The Swedish producer of Zewa and Libresse reported about sale of business to Russian Federation

The Swedish company Essity AB which possesses such brands as Zewa, Libresse and Libero, sells the business to Russian Federation. She reported about it in the press release. In it it is said that Essity AB already signed the agreement on sale of business, the transaction is approved by the Russian authorities and will be closed after receiving final money in the second quarter 2023. For the first time from Russian Federation company declared the leaving in the spring of last year. Then chapter of Essity AB Magnus Grot in comments to the report for the first quarter 2022 reported that assets of companies are depreciated approximately on 1,4 billion Swedish kronur...