Brief: Alimak Group Initiates Exit From Russia

Alimak AB (publ)

26/04/2022 10:51

April 26 (Reuters) - Alimak Group AB (publ)  ALIG.ST :
    * ALIMAK GROUP INITIATES EXIT FROM RUSSIA
    * IN LIGHT OF RECENT EVENTS AND OF EUROPEAN UNION SANCTIONS,
ALIMAK GROUP HAS DECIDED TO EXIT ITS OPERATIONS IN RUSSIA
    * IT WILL SUSPEND ALL DELIVERIES TO CUSTOMERS IN RUSSIA AND
NOT TO
PURSUE ANY NEW SALES
    * GROUP HAS 15 EMPLOYEES IN RUSSIA. EXIT PROCESS WILL BE
EXECUTED
WITH CONSIDERATIONS TOWARDS EMPLOYEES AND CUSTOMERS
    * THESE ACTIONS ARE NOT EXPECTED TO HAVE ANY MATERIAL IMPACT
ON
GROUP FINANCIALS

Source text for Eikon:  ID:nWkr8NpPrF 
Further company coverage:  ALIG.ST 

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