Jungheinrich Nears Sale of Russian Subsidiary

Jungheinrich AG has announced it is in the final stages of negotiations to sell its Russian subsidiary, Jungheinrich Lift Truck OOO, to three financial investors. This decision marks Jungheinrich's exit from the Russian market and was approved by the company's Supervisory Board.

The planned sale aligns with Russian Government regulations, which cap the sale price at 40% of the market value as appraised by a local expert. This results in a negotiating price significantly below the subsidiary's book value as of the end of 2024.

A binding share purchase agreement is anticipated in the coming weeks, subject to negotiation progress and the approval of the Government Commission. The agreement will adhere to standard market conditions before the final signing and closing.