Alexander Govor and Iury Kushnerov acquired Huhtamaki operations in Russia from Huhtamäki Oyj (HLSE:HUH1V) for approximately ?150 million on September 2, 2022. The cash and debt free sales price is ?150 million. As a result of the sale, Huhtamaki expects to book a gain of approximately ?15 million in its third quarter. The sale is not expected to have a significant financial impact on Huhtamaki in 2022.The transaction includes four manufacturing units in Russia, employing 724 people.

Alexander Govor and Iury Kushnerov completed the acquisition of Huhtamaki operations in Russia from Huhtamäki Oyj (HLSE:HUH1V) on September 2, 2022. Post the acquisition, Huhtamaki has changed its name to Scandipakk.