Economic|The Russian attack
Champion sells Russian operations. The company announces in its press release that it will sell its operations to Velkom Group. The transaction will take place immediately.
According to Valio’s press release, the company’s personnel will transfer to work for Velkom Group in connection with the transaction.
“The deal includes Valio’s Russian operations and the processed cheese factory in Ershovo. The Viola processed cheese brand, which is sold and manufactured in Russia, is also part of the deal, which means that the new owner can continue to manufacture and sell Viola processed cheeses in Russia, ”Valio says in a press release.
The news is being updated.
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