05/01/2023at 15:05

Hempel still stuck in Russia – hopes to sell factory soon

EU sanctions obstruct Hempel’s long-running attempt to hand off a Russian factory with 124 employees. The company now hopes for a legal breakthrough.

by DAG HOLMSTAD

Hempel aimed to be out of Russia by the turn of the year, but the sale of a large factory remains stuck for the ninth month running.

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Hempel supplied coating to Russian ships – "deceived" by employees
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Hempel expects to be out of Russia this year
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