Smurfit Kappa takes financial hit of over €100m as it sells Russian assets
The Irish business moved to offload its operations in the country following the invasion of Ukraine
Smurfit Kappa has recorded a financial hit of €128 million following its withdrawal from the Russian market.
The company confirmed in a statement that it has sold its operations in the country to local management.
The move comes almost exactly a year after Smurfit Kappa first announced its plans to leave Russia.
In April 2022, the business said it would leave the country, along with a slew of other multinationals, in a mass corporate boycott ...