Espetina is a holding company owned by Alexander Spear and Yuri Kushnerov. The agreement includes four production units in Russia with 724 people, ”Huhtamaki reports. Video Day Recall that in the summer, Alexandra Speaka has bought Russian business from McDonald's and changed the name of restaurants to a bit. On April 14, 2022, Huhtamaki announced its intention to give up activity in Russia. This happened after the previous decision to stop all investments in Russia after the invasion of Ukraine.
“We believe that the development of the situation and the long -term perspective in Russia will prevent the implementation of our growth strategy and long -term ambitions in the country. We are pleased to complete an overview of our strategic opportunities in Russia, ”Charles Héolme said, President and Huhtamaki CEO. The price of sales without cash and debt is 151 million euros. As a result of the sale, Huhtamaki expects to profit at about 15 million euros in the third quarter of 2022 Hjre.
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