oilfield services firm Halliburton (HAL.N) sells its Russian operations to a management team of former employees ** Norway’s Equinor (EQNR.OL) transferred assets of its Russian oil and gas joint venture to state partner Rosneft (ROSN.MM) and transferred its 30% stake in the Arctic Khayaga field to state-controlled Russian operator Zarubezhneft ** Italian utility Enel (ENEI.MI) sold its 56.43% stake in Enel Russia to Lukoil (LKOH.MM) and private fund Gazprombank-Frezia ** Baker Hughes (BKR.O) agreed to sell its oilfield services business in Russia to local management, expected in the second half of 2022 ** French industrial gas producer Air Liquide (AIRP.PA) agrees to transfer its Russian assets to local management, subject to Russian regulatory approval elevator maker Otis (OTIS.N) sells its Russian operations to local investment firm Ice Development ** France’s Schneider Electric (SCHN.PA) expects to sell its Russian subsidiary to local management by the end of 2022 ** Finnish elevator maker KONE (KNEBV.HE) expects to close the sale of its Russian operations to local management in the fourth quarter of 2022 industrial firm Emerson Electric (EMR.N) agreed to sell its Russian operations to local management ** Finland’s Boreo (BOREO.HE) sells its 90% stake in YE Russia to a company controlled by its current director, Yrjö Pönni ** Whirlpool (WHR.N) sells its Russian business to Turkey’s Arcelik (ARCLK.IS)
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** Its Electrolux Professional (EPROb.ST) branch also sold its Russian operations to local management ** Swedish home appliance maker Electrolux (ELUXb.ST) hands over its operations in Russia to local management ** Societe Generale (SOGN.PA) sold its Russian business Rosbank (ROSB.MM) to Interros Capital, a company linked to Russian oligarch Vladimir Potanin ** Czech investment group PPF sells its Russian banking assets, including consumer lender HCFB and its subsidiaries, to investors led by Ivan Tyryshkin ** Britain’s HSBC (HSBA.L) agrees to sell its Russian business to Expobank, subject to Russian regulatory approval ** MAN Truck & Bus and Scania, owned by German truck maker Traton (8TRA.DE), expect to sell their Russian sales company and Scania’s Russian financing business to a local partner by the first quarter of 2023 ** French carmaker Renault (RENA.PA) sold its majority stake in Avtovaz (AVAZI_p.MM) to a Russian scientific institute and transferred all Renault Russia shares to the city of Moscow ** French tire maker Michelin (MICP.PA) plans to transfer its Russian operations to a new locally managed entity by the end of 2022 ** Italian truck and bus maker Iveco (IVG.MI) transfers 33% stake in its AMT truck assembly joint venture in Russia to local partner
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