Brief: Sulzer To Exit Russian Market

Sulzer

24/05/2022 06:00

May 24 (Reuters) - SULZER AG  SUN.S :
    * TO EXIT THE RUSSIAN MARKET
    * THE SALES PROCESS WILL BEGIN WITH IMMEDIATE EFFECT AND
FOLLOWS
SULZER’S ANNOUNCEMENT EARLIER IN THE YEAR THAT IT HAD ALREADY
SIGNIFICANTLY REDUCED BUSINESS ACTIVITIES IN RUSSIA
    * THE BOARD REGRETS THE NECESSITY OF THIS DECISION AFTER
DECADES
OF OPERATIONS IN RUSSIA, BUT AFTER CAREFUL REVIEW OF THE
POSSIBLE OPTIONS, CONCLUDES THAT IT IS THE BEST SOLUTION FOR ALL
THE STAKEHOLDERS
    * SULZER EXPRESSES ITS GRATITUDE TO ALL EMPLOYEES GLOBALLY
FOR
THEIR OUTSTANDING ENGAGEMENT IN THESE CHALLENGING TIMES AND IS
FULLY COMMITTED TO CONTINUE SUPPORTING ITS 300 EMPLOYEES IN
RUSSIA THROUGH THE PROCESS


Further company coverage:  SUN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))