The divestment of Kiilto´s Russian subsidiaries is progressing
Since March Kiilto has been working actively to implement its intention to transfer the subsidiaries in Russia to new investors. In July Kiilto and Bergauf Group reached an agreement. Bergauf Group, one of the largest Russian manufacturers of construction chemicals, shall acquire Kiilto Group's Russian operations. The legal entities to be acquired are AO Kiilto-Klei, OOO Kiilto Family and OOO Kiilto-Klei Ramenskoe. The agreement on the sale of KiiltoClean Group's Russian operations was signed in September with O3 Chemicals. The legal entity to be acquired is OOO KiiltoClean. O3 is a