Wall Street

Factbox: Companies sell their businesses in Russia

Published by
Reuters UK

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. The moves, part of a broader corporate exodus from the country, are likely to stir concerns that Russian firms and institutions are snapping up prized assets for a bargain. Below is a list of firms by sector that have announced deals to sell their businesses in Russia: AUTOS INCHCAPE The British car distributor said on April 28 it had agr…

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