Smurfit Kappa Group plc (‘SKG’ or ‘the Group’) announces that it has completed its exit from the Russian market.
The Group announced its intention to exit the Russian market in an orderly manner on 1 April 2022 and subsequently entered into an agreement to sell its Russian operations to local management.
Following the approval of the Russian authorities and the completion of all necessary administrative processes, the Group’s operations in Russia have now been sold to local management. The operations include a bag-in-box facility and two corrugated plants in St Petersburg, and a corrugated plant in Moscow.
Source: Smurfit Kappa