Lantmännen has signed agreements to divest the Russian operations

Press releases, 2023

Lantmännen has signed agreements with buyers to divest the operations in Russia, and is now awaiting approval from Russian authorities to complete the transaction. This is a process that is mandatory under Russian law.

In March 2022, Lantmännen's operations in Russia were separated from the rest of the Group, as a first step in a divestment, and have since then acted completely independently.

Due to reasons beyond our control, the process has taken longer than we preferred or expected. The circumstances for leaving Russia in a structured way are very complex and legislation is constantly changing.

During 2022, Lantmännen's assets in Russia were written down by a total of SEK 500 million. Additionally, the holdings were reclassified from subsidiaries to associates, which means that the holdings are no longer consolidated.