H+H International A/S divests its Russian business
"We are pleased to announce a solution to the strategic challenge for a market that has not been growing in recent years”, says CEO Michael T. Andersen. “We can now focus more on the continued development of our core markets in Central and Western Europe”. Company announcement no. 374 of 25 April 2019 informed that H+H International A/S had entered negotiations to sell its Russian business by sale of all shares in H+H Russia LLC. This sale has now been completed with “Limited Liability Company LSR. Wall Materials” from Russia as the buyer. The agreed enterprise value of the business