VICIUNAI GROUP CONTINUES THE BUSINESS SALE PROCESS IN RUSSIA – NEGOTIATIONS WITH POTENTIAL BUYERS ARE UNDERWAY
The final and irreversible withdrawal from the Russian market is scheduled to be completed by the end of this summer. Due to the complexity of the legal proceedings, we are not in a position to specify the exact date of the completion of this process.
There were thousands of Western companies operating in Russia, which are currently solving similar problems as Viciunai Group. Many of them, especially those with production facilities, have simply stopped operations for the time being and are waiting for any developments of the situation. Viciunai Group is determined to fully exit the Russian market and direct its business development towards the West. We are not changing our position and are consistently pursuing a strategic plan for exiting the Russian market.