Sold: Tatneft pays 285 million euros for Nokian Tyres’ Russian operations
Up to the Russia-Ukraine war, the Nokian Tyres factory in Vsevolozhsk, near Saint Petersburg, has been both a key part of Nokian’s strategy and a key Russian exporter (Photo: Nokian) Nokian Tyres reports that it has received the sale price of 285 million euros from PJSC Tatneft for the sale of its operations in Russia. The total permissible transaction price defined by the Russian Governmental Commission was 23,050 million rubles. Now there are just “registration formalities” before the transaction completes and Nokian Tyres’ operations in Russia therefore end.
Sumitomo Rubber Industries
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