05 Sep 2022 --- Huhtamaki has sold its operations in Russia after pledging to divest from the country completely in April this year, following the outbreak of war in Ukraine. The fiber-based packaging leader announced its assets were purchased by local business Espetina for €150 million (US$150 million). Espetina is a holding company owned by Alexander Govor and Lury Kushnerov. The transaction includes four manufacturing units in Russia, employing a total of 724 people.
