Auchan plans to finally leave Russia
The Auchan hypermarket chain has announced its decision to leave Russia.
The French retailer has identified two potential buyers to complete the deal.
Auchan's decision may be due to the difficulties the company is facing due to anti-Russian sanctions, Le Figaro reports.
The company has found Russian buyers and is in the final stages of negotiations on the sale of assets in the Russian Federation.
The retail chain has been operating on the Russian market since 2002.
The parent company reported no dividends from 2022-2023, according to financial statements.
The trading company's decision to get rid of its Russian offices is linked to the introduction of sanctions against the Russian Federation.
Auchan is ready to finally leave the Russian market after the sale of its Russian division.
After completing the deal in Russia, Auchan plans to cease operations in Hungary.
The company's Russian office said that rumors about his departure have been circulating for the past few years.
