The Viciunai Group announced plans to sell its business in the Russian Federation in the spring of 2022, although the owners of the group were against the sale of Russian assets, but were forced to “reach an agreement for political reasons,” the Russian publication reported.
The Lithuanian Viciunai Group, which makes Vici crab sticks, is planning to sell its business to the Russian Federation. The Russian publication Kommersant writes about this in connection with a report by Vichyunay-Rus LLC.
It is reported that the company said that it received the permission of the Russian authorities to sell the plant with a capacity of more than 120 thousand tons per year, the change of owner is planned for the “near future.”
It is reported that the Viciunai Group announced plans to sell its business in Russia in the spring of 2022, although the owners of the group were against the sale of the Russian asset, but were forced to “agree to an agreement for for political reasons.” The publication reports this, citing its own sources.
Vichyunai-Rus produces crab sticks, imitation crab meat, shrimp and semi-finished products at a plant in Sovetsk; the company’s revenue in 2023 increased by 11.2%, to 18.2 billion rubles, net profit reached 1.26 billion rubles.
It was previously reported that global luxury brands are closing stores in Russia en masse.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.