Finland's Raisio to sell its business in Russia
29/04/2022 14:14
April 29 (Reuters) - Finnish food processing company Raisio
RAIVV.HE said on Friday it has agreed to sell its consumer
business in Russia to Russian company Copacker Agro Ltd for
about 1.5 million euros ($1.6 million).
As a result of the sale, Raisio said it would recognize an
estimated impairment loss of 2.9 million euros in its
first-quarter earnings before interest and taxes (EBIT).
($1 = 0.9504 euros)
(Reporting by Marta Frackowiak; Editing by Jan Harvey)
((marta.frackowiak@thomsonreuters.com; +48 58 769 65 30;))