Fazer has signed an agreement to divest its Russian subsidiary
Fazer has signed an agreement with Moscow’s leading bakery company Kolomenskij Bakery and Confectionery Holding for the sale of Fazer’s Russian subsidiary. All relevant authority approvals have been received including the approval by the Federal Antimonopoly Service of Russia (FAS).The transaction will be completed without delay, and thereby all Fazer’s operations in Russia will end. The value of the transaction is not disclosed.
“I am pleased that we have signed an agreement for the sale of our Russian business. Exiting Russia is a complex process, and now we are one step closer to