It became known about the plans of the Finnish tire manufacturer to sell the plant in Russia

Kommersant reported on the sale of the Russian tire manufacturer Nokian Tyres Finnish tire manufacturer for difficult climatic conditions Nokian Tyres intends to sell its plant in the Leningrad region.

This became known to Kommersant.

According to the sources of the publication, the company is now looking for buyers and collecting binding offers until September. According to them, several investors, including oil companies and profile players, are applying for the plant. According to analysts, the cost of the enterprise may be about 400 million euros.

At the same time, the Russian office of Nokian Tyres noted that “there is no agreed or confirmed information on the questions you have asked.” The company also urged to focus on the latest statements that the company is considering various options for leaving Russia.

The plant in Vsevolozhsk, Leningrad Region is the largest production asset of the concern. It produced 16 million tires a year, with 60 percent of the output accounted for by exports.

The company’s plans to withdraw from the Russian market became known at the end of June. Nokian Tyres linked its decision to the Russian special operation and the subsequent sanctions against the country. The organization stated that “together with the entire international community, they unequivocally condemn” the military actions in Ukraine.

On February 24, Russian President Vladimir Putin announced the start of a special military operation in the Donbas. After that, many Western countries reacted to this with tough sanctions against Russian individuals and legal entities. In addition, several dozen Western companies have left the Russian market.