Germany's Henkel Latest Company To Complete Exit From Russia Over Ukraine Invasion

German chemical and consumer goods group Henkel says it has completed the sale of its Russian assets to a "consortium of local investors" as it exits the market in response to the Kremlin's invasion of Ukraine, launched in February 2022. The company said in a statement May 4 that the sale price for the assets is around 54 billion rubles (($691 million). "Henkel had announced its decision to exit its business activities in Russia last year, following the country’s attack on Ukraine. The transaction has meanwhile been completed," Henkel said. Dozens of multinational companies have left Russia since the invasion. To read the statement by Henkel, click here.