Finland: Valio sells its Russian operations to Velkom Group

The Finland headquartered dairy cooperative Valio Valio has completed negotiations on the divestment of its Russian operations. Valio will sell the operations to Velkom Group. With the transaction, Valio’s personnel in Russia will transfer to Velkom Group. The parties have decided not to disclose the value of the transaction. With the completed transaction, Valio’s operations in Russia have ended. In 2020, Valio’s net sales in Russia were 87 million euros and accounted for approximately 5 percent of Valio’s global net sales of about 1.8 billion euros.

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