In a March 30 press release, Nokian Tyres announced it had completed the sale of its Russian operations.
The press release stated:
Nokian Tyres plc has completed the sale of its operations in Russia to PJSC Tatneft after finishing the registration formalities in Russia. Nokian Tyres has now ended all its operations in Russia.
PJSC Tatneft is a Russian petroleum refinery company.
This follows the March 8 news that Russian-based private equity firm Insight Investment Group had acquired John Deere Financial's Russian operations.
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