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
Telko is a chemical solutions partner. We help our customers to get the best materials and technical expertise to create sustainable success in various industries. Local service and close partnerships with leading global principals ensure reliable access to quality materials. Our history goes back nearly 120 years, and today we are about 350 experts in 18 countries and net sales of 280 million euros. Telko is a part of Aspo, listed on Nasdaq Helsinki. Telko – Solutions that matter