Russia/Germany: A prospective buyer has reportedly ‘broken off’ talks over the sale of Germany-based Knauf’s Russian business. The producer says that it will continue its efforts to withdraw from Russia ‘in accordance with the applicable sanctions,’ under ‘very difficult conditions.’
AK&M News has reported that Knauf owns 20 Russian companies in industries that include gypsum. The assets remain exclusively under local management, without any profit currently passing to Knauf.
Knauf still owns Russian business after failing to find buyer
Written by Global Gypsum staff
Published in
Global Gypsum News
