Aspo’s subsidiary Leipurin completes the divestment of its Russian operations
October 10 2024 - 1:00PM
UK Regulatory
Aspo’s subsidiary Leipurin completes the divestment of its Russian
operations
Aspo Plc
Press release
October 10, 2024 at 8:00 pm
Aspo’s subsidiary Leipurin completes the divestment of its
Russian operations
Aspo Group’s subsidiary Leipurin has completed the transaction
of selling its Russian subsidiaries to Mr. Timur Akhiyarov. The
transaction will not significantly impact the reported EBITA result
of Aspo Group.
Leipurin signed a binding preliminary agreement to sell its
Eastern operations to Mr. Timur Akhiyarov in January 2023. In
year-end 2023 all net assets, incl. translation differences of
Leipurin East were written down, generating a negative impact of
EUR 5.4 million to the reported EBITA of Aspo. Aspo has not
included Leipurin East in its consolidated financial statements
anymore in 2024. The completion of the transaction was prolonged
due to required authority approvals.
“This transaction finally completes Aspo’s exit from Russia. This
costly and time-consuming exit process has tied up significant
management resources. Now we are in a position where we can fully
focus on implementing our profitable growth strategy in western
markets”, says Rolf Jansson, CEO of Aspo Group.
Aspo Plc
Rolf Jansson
CEO
Further information, please contact:
Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264,
rolf.jansson@aspo.com
Distribution:
Nasdaq Helsinki
Key media
www.aspo.com
Aspo creates value by owning and developing
business operations sustainably and in the long term. Our companies
aim to be market leaders in their sectors. They are responsible for
their own operations, customer relationships and the development of
these aiming to be forerunners in sustainability. Aspo supports its
businesses profitability and growth with the right capabilities.
Aspo Group has businesses in 17 different countries, and it employs
approximately 800 professionals.
- 20241010__Press release Aspo’s subsidiary Leipurin completes
the divestment of its Russian operations
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