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Traton Sees $560 Million Hit on Russia Sales Units Disposal

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Traton SE is disposing of the sales and financing operations of its MAN and Scania truckmaking businesses in Russia, expecting an additional charge of as much as 550 million euros ($560 million).

The transactions will be completed by the first quarter of next year and the charges won’t impact the truckmaker’s adjusted operating margin forecast, Traton said Tuesday.