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Telko to divest its Russian operations

October 17, 2022 | Telko Ltd

Telko has signed a binding framework agreement according to which it will sell the share capital of its Russian subsidiary Telko OOO to Russian industrial operator GK Himik. The purchase price is approximately EUR 9.5 million. Rights to Telko's name and trademarks are not included in the sale.

The completion of the transaction requires an approval of the Russian authorities. 

As previously announced, Telko began in June to explore the possibilities of exiting its Russian operations during the current year.

Telko Ltd

Telko Ltd

Telko is a leadind expert in and distributor of plastics, industrial chemicals and lubricants. It operates as a responsible partner in the value chain by bridging well-known international principals and customers. Its competitive edge is based on strong technical support, efficient logistics, and local professional service both in east and in west.