Unilever to Sell Russian Business to Arnest, FT Reports
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Dow Jones
-- Unilever agreed to sell its Russian assets to chemical group Arnest in a deal that could be valued at up to $500 million, the Financial Times reports, citing Russian media.
-- The Anglo-Dutch multisector retailer and Arnest have submitted the deal for approval to the Russian authorities responsible for foreign investment, according to the FT.
-- Unilever and Arnest didn't immediately respond to requests for comment.
Full story: https://tinyurl.com/mevsatts
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
September 06, 2024 02:19 ET (06:19 GMT)
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