September 24, 2022
Trending Tags

Switzerland’s Holcim receives buyer interest for its Russian business

Read Time:55 Second


The new logo of Swiss cement maker Holcim is seen in a block of concrete during the Holcim Capital Markets Day event in Basel, Switzerland November 18, 2021. REUTERS/Arnd Wiegmann

Register now for FREE unlimited access to Reuters.com

ZURICH, May 16 (Reuters) – Holcim (HOLN.S) has received interest from more 30 potential buyers for its Russia business which the cement-maker is seeking to exit because of the Ukraine conflict, Chief Executive Jan Jenisch said on Monday.

“The process has started, it has to be done with very great diligence. We have had many inquiries,” he told reporters.

“We don’t expect to write it off completely, I would hope this business has a value,” he added. “You have to give us a couple of months to get more clarity.”

Holcim said in March it was exiting Russia, where it employs around 1,500 people at three plants, following Moscow’s invasion of Ukraine. read more

Register now for FREE unlimited access to Reuters.com

Reporting by John Revill; Editing by Edmund Blair

Our Standards: The Thomson Reuters Trust Principles.



Source link

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post Cormark Analysts Cut Earnings Estimates for Converge Technology Solutions Corp. (TSE:CTS)
Next post Liverpool top all-time major honours in England | Football News