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Finnish dairy producer Valio sells off Russian business

26 April 2022

GK Velkom acquires rights to Viola brand

Finnish dairy producer Valio has sold its Russian business to GK Velkom, reported Reuters, citing a company statement released Tuesday.

As part of the deal, GK Velkom acquires the rights to the Viola brand and the company's production site in the Moscow region, Valio said.

Valio said on March 7 that it was closing its business in Russia for ethical reasons due to Moscow's actions in Ukraine.

Source: Reuters



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