Henkel completes sale of its Russian assets

AK&M 28 March 2023 10:36

Henkel is in the final stages of selling its Russian assets. The buyer is not named, "the agreement between the parties has not yet been signed," Vedomosti newspaper writes.

A newspaper source familiar with the details of the transaction assures that 11 plants of the German company can be acquired by a consortium of investors, which includes shareholders of the pharmaceutical manufacturer Pharmstandard (owned by Viktor Kharitonin and Egor Kulkov), Ivan Tavrin's Kismet Capital investment company, as well as the founders of the Elbrus Capital fund. Two interlocutors of Vedomosti claim that the shareholders of Pharmstandard will become the majority owners of Russian Henkel enterprises.

Earlier it was reported that Henkel transferred Russian and Belarusian assets to the "for sale" category.

Henkel is a manufacturer of cleaning and detergents, cosmetics and personal hygiene products, adhesives. Henkel has been operating on the Russian market since 1990, when the first Sovkhank joint venture was founded in Engels. Now the company owns 12 offices and 11 factories in different regions of Russia. Revenue of Henkel Rus LLC according to RAS in 2021 increased by 13.1% to 95.14 billion rubles, and net profit amounted to 7.48 billion rubles against 7.84 billion rubles a year earlier.