Finland's Kone says completes sale of Russian business

HELSINKI, Oct 24 (PRIME) -- Finland's elevator producer Kone has completed the sale of its Russian business and has left the country, the company said in a statement on Tuesday.

"Kone Corporation, a global leader in the elevator and escalator industry, has completed the sale of its Russia operations to Russia-based S8 Capital diversified Holding,” the company said.

“The transaction has been approved by the relevant authorities and the closing of the deal means that Kone is now fully divested from Russia. The value of the transaction is not disclosed."

The company announced the search for a potential buyer for the business in June 2022.

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