Henkel expects web monetary loss from sale of Russia enterprise - thqaftqlm

Henkel expects web monetary loss from sale of Russia enterprise

April 21 (Reuters) – Henkel (HNKG_p.DE) on Friday mentioned it expects to see a web monetary loss within the deal to promote its Russian enterprise.

The buyer items group didn’t disclose the quantity of losses however identified that the foreign money alternate impact would play a task within the transaction.

Additional particulars on the deal can be offered within the firm’s first-half earnings launch in August, it added.

On Thursday night, Henkel introduced that it had offered its enterprise in Russia to a consortium of native monetary buyers for 600 million euros ($657.54 million), because it finalises its exit from the nation.

The maker of Persil washing detergents and Pritt glue has been energetic in Russia for greater than 30 years and most lately operated 11 manufacturing websites there.

Henkel is amongst many Western companies which have determined to depart Russia following its invasion of Ukraine, which prompted many nations to impose sweeping sanctions.

($1 = 0.9125 euros)

(This story has been refiled to alter reporting credit)

Reporting by Linda Pasquini, Modifying by Rachel Extra

Our Requirements: The Thomson Reuters Belief Rules.

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