FAS received a request from Tatneft to buy Nokian Tires
[ad_1]
“The Federal Antimonopoly Service of Russia received requests from PJSC Tatneft to acquire 100% stakes in the authorized capitals of Nokian Tires LLC, Hakka Invest LLC and Nokian Tire LLC from Nokian Tires,” the FAS said.
According to Rospatent, Nokian Tyers LLC has filed applications for the Torsten and Torsten trademarks, as well as Ikonan and Ikon.
At the end of October, a Finnish company reported on the sale of Russian assets of Nokian Tires to an oil company “Tatneft”, including a plant in the Leningrad region. The deal was valued at about 400 million euros. The Nokian press service noted that the deal still needs to be approved by regulatory authorities, because of this, the timing of its closure is still unknown.
Nokian Tires has been operating in Russia since 2005. In 2021, about 80% of the company’s passenger car tires were produced in Russia, the press service reported. At the same time, the share of sales of the company’s products in Russia and Asia was about 20%.
Against the backdrop of a special operation in Ukraine in April, the European Union adopted the fifth package of sanctions against Russia, which includes a ban on the import of tires from Russia to the EU. The head of the Nokian concern in the Russian Federation, Andrey Pantyukhov, said that the restrictive measures made it “impossible to continue working as part of the concern.” In June, Nokian announced its withdrawal from the country.
[ad_2]
Source link
