The amount of the transaction was lower than announced earlier.
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The RF Government Commission for the Control of Foreign Investment approved the purchase by Tatneft of the assets of the Finnish company Nokian Tires in Russia. According to Nokian Tires Russia, the commission considered the total allowable price of the transaction to be 23.05 billion rubles.
Thus, taking into account the actual exchange rate of the Central Bank on the date of payment, the purchase price for Tatneft will be 286 million euros. Previously, the planned amount of the transaction was called within 400 million euros, while the Finnish side expressed doubts that the sale of Russian assets would take place.
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*This material was created by a person who has the status of a foreign agent in the Russian Federation.
Nokian Tires is engaged in the production and sale of tires for passenger cars, SUVs, trucks, as well as for commercial vehicles and industrial equipment. In September 2005, the company’s plant was opened in Vsevolozhsk, Leningrad Region. In 2021, approximately 80% of Nokian Tires passenger car tires were produced in Russia.
Source: TASS
Фото: Nokian tyres
