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Fazer sells its Russian subsidiary
Businessman using tablet and laptop analyzing sales data and eco

Fazer agreed to sell its Russian business to Kolomensky Bakery and Confectionery Holding, for an undisclosed amount, according to Interfax. The transaction meets all regulations and was green-lit by Russia’s Federal Anti-Monopoly Service.

“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 achieving a complete and controlled exit,” Interfax quotes Fazer Group President and CEO Christoph Vitzthum from a statement.