English
Bridgestone Europe NV/SA has completed the sale of its Russian operations to S8 Capital, a diversified holding company based in Russia. The transaction, which has received all necessary regulatory approvals, includes a tire manufacturing plant in Ulyanovsk and a sales and marketing office in Moscow. The company, which first established its presence in Russia in 1998, had suspended all manufacturing activities in the country in March 2021. As a result of the sale, approximately 1,000 Bridgestone employees in Russia will transfer to S8 Capital, the company said.
Reference: Tirereview
