Russia/Germany: A prospective buyer has reportedly ‘broken off’ talks over the sale of Germany-based Knauf’s Russian business. The producer says that it will continue its efforts to withdraw from Russia ‘in accordance with the applicable sanctions,’ under ‘very difficult conditions.’
AK&M News has reported that Knauf owns 20 Russian companies in industries that include gypsum. The assets remain exclusively under local management, without any profit currently passing to Knauf.
