Global Trade Alert
Global Trade Alert

Russia: Roca Group completes its divestment from the Russian market with government authorisation

Announcement

05 Dec 2024

In December 2024, Roca Group, a Spanish producer of products for bathroom space, reportedly sold its Russian subsidiaries Roca RUS LLC and Akvaton RUS LLC. Such transactions by companies from the "unfriendly" states require the approval of the Russian government.

Source

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

05 Dec 2024

Revocation date:

No revocation date

Updated: 05 Dec 2024
Controls on commercial transactions and investment instruments In force

On 5 December 2024, Roca Group reportedly sold 100% of its shares in the Russian companies Roca RUS LLC and Akvaton RUS LLC to the Russian buyer Mir Keramiki JSC. Roca Group hel...

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Updated: 05 Dec 2024
FDI: Treatment and operations, nes In force

On 5 December 2024, Roca Group reportedly divested from the Russian market by selling its Russian companies Roca RUS LLC and Akvaton RUS LLC to the Russian buyer Mir Keramiki JS...

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