Global Agriculture

Lantmännen has divested its Russian operations

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23 August 2023, Russia: In March of 2022, Lantmännen’s operations in Russia were separated and isolated from the rest of the group, pending a divestment. These operations have since acted entirely independently, and their results have not been consolidated.

Due to factors out of our control, the divestment process has taken longer than we both wished for and expected. The conditions for exiting Russia in a structured manner are complex, and legislation has continuously been changing. As previously communicated, finalization of the processes has been pending approvals from Russian authorities, due to demands in new Russian legislation.

In connection with the divestments being finalized, a net sale loss of some 385 MSEK is generated. During 2022, the assets in Russia were also written down by a total of 500 MSEK.

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