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Henkel expects to close Russian business sale transaction in Q1 — report

On April 19, 2022, Henkel announced its decision to halt its business in Russia

BERLIN, March 7. /TASS/. Henkel expects that the deal of its Russian business divestment will be closed in the first quarter of this year, the Germany chemical and industrial company said in the report released on Tuesday.

"The business activities in Russia are expected to be divested by the end of the first quarter of 2023," the company said.

On April 19, 2022, Henkel announced its decision to halt its business in Russia. The company was producing adhesive, laundry products, cosmetics and personal care items at eleven plants in Russia. Henkel later halted all investments, advertising and sponsorship activities in Russia.