Raisio plc to sell its Russian consumer business and recognise impairment losses
Stock Exchange Release 29 April, 2022 Raisio has decided to sell its consumer business in Russia. The decision was based on a rapid strategic assessment, launched immediately after Russia’s invasion of Ukraine at the end of February. Raisio has signed agreements to sell OOO Raisio Nutrition, the subsidiary responsible for Raisio’s consumer business in Russia, to the Russian company Copacker Agro Ltd. Raisio’s Russian subsidiary has used the Nordic trademark in the Russian and Belarusian markets, among others. In these markets, the rights to the trademark will be sold to the Estonian