10/11/2024

Unilever Sells its Business in Russia

The transaction's terms were not disclosed

Unilever, owner of brands including Dove soap and Hellmann's mayonnaise, said Thursday that it has completed the sale of its Russian business to Arnest Group, a local manufacturer of perfume, cosmetics and household products, for an undisclosed amount.

The British consumer goods company said the sale includes all of its business and four factories in Russia as well as its business in Belarus.

The terms of the transaction were not disclosed.

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