Companies in the timber industry / Daily News / Wood flooring / Wood Products / Europe / Global / Russia
August 10, 2022

Kährs evaluates possible divestment of its operations in Russia

Kährs evaluates possible divestment of its operations in Russia
Kährs has, due to the prevailing market conditions, started a process to evaluate the possibilities and conditions for divesting its operations in Russia.    Already at the beginning of March 2022, Kährs decided to, in addition to sanctions, stop all investments as well as import and export flow from Europe to and from the company's operations and other suppliers in Russia. Kährs’ operations in Russia have continued, but at a lower level. The process of evaluating a divestment in a structured and responsible way, due to the changed market conditions, is now being ...

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