Divestment of Atria's Russian subsidiary OOO Pit-Product
Atria entered into an agreement to sell its Russian subsidiary OOO Pit-Product to Limited Liability Company Agricultural Complex Mikhailovskiy, member of the Cherkizovo Group. The divestment of OOO Pit-Product to the buyer was completed in April 2021. The sales agreement does not include Atria Russia's other subsidiary Sibylla Rus LLC, which conducts fast food business in Russia.
The sales price is approximately EUR 30 million. Atria acquired Pit-Product in 2005.