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Austria's Palfinger to deconsolidate Russian business

Austria's Palfinger to deconsolidate Russian business

- Austrian firm Palfinger PALF.VI is to deconsolidate its Russian business, the company said on Wednesday.

As a result the company is to recognise for the third quarter of the year an impairment of around 135 million euros ($153.31 million).


($1 = 0.8806 euros)


(Reporting by Tristan Veyet in Gdansk, Editing by Miranda Murray)

((Tristan.veyet@thomsonreuters.com;))

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