German Soapmaker Henkel Has Option to Buy Back Russian Business
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Henkel AG has the right to buy back its Russian operations in the next 10 years if conditions fundamentally change, Chief Executive Officer Carsten Knobel said in an interview with the Rheinische Post newspaper.
The German company would only act on that option if the relationship with Russia improved significantly, Knobel said. A mere end to the war in Ukraine or a ceasefire would not be enough.