Minpromtorg reported about transfer of assets of Essity AB to the Russian shareholders

Activity the Russian enterprise belonging of the Swedish companies to Essity AB (brands of Zewa, Libresse and Libero), will be continued, workplaces will remain, reported in Ministry of Industry and Trade of the Russian Federation. Before Essity AB reported about sale the businesses to Russian Federation. Company already signed the agreement on sale businesses, the transaction is approved by the Russian authorities and will be closed after receiving final money in the second quarter 2023. In Minpromtorg explained that Essity AB transferred the right for management the capacities to Russian Federation to local shareholders. In the press service of department emphasized that the transaction will not render...