Olvi Changes Treatment of Assets Held for Sale and Withdraws its Near-term Outlook
Olvi plc Inside information 21 November 2022 at 5.45 pm Olvi Changes Treatment of Assets Held for Sale and Withdraws its Near-term Outlook Legislation regulating the sale of foreign companies in Belarus has recently tightened. Therefore, the sale of Lidskoe Pivo, a subsidiary operating in Belarus, is not likely within the next 12 months. In accordance with accounting standard the Belarusian operations can no longer be classified as assets held for sale but to return back to the consolidated reporting. Previously, according to the near-term outlook in the