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Norwegian Orkla leaves Russian chocolate market
Russian market is too difficult for the Norwegian confectionery producer.
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  • Norwegian confectionery holding Orkla Group began process of sale of OAO Orkla brands Rossiya, reads the company's annual report. Orkla Group notes that revenue growth and market share are unsatisfactory in the Russian Federation.
  • According to experts, the cost of Orkla's Russian business can make $150 million without debts. The company shall pay compensations to Rot Front and Babayevsky group for illegal use of Lastochka and Burevestnik brands - about 546 million rubles in total.
Источники: Agro2b
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