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Unilever reportedly plans to sell its Russian business to Arnest

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According to multiple media reports, Unilever will sell its Russian assets to Arnest, a chemical group owned by businessman Alexey Sagal. Although it has not been officially announced yet, the Russian government's Foreign Investment Subcommittee has approved the above-mentioned transaction. The discounted valuation of Unilever's Russian business is between 35 billion and 40 billion rubles.
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