Events group Hyve to sell Ukrainian business in management buy-out

(Reuters) - British exhibitions group Hyve said on Tuesday it is selling its Ukrainian unit to a group led by Anatoly Sushon, the Ukrainian business' managing director, as events in the country continue to be on hold following Russia's invasion.

Hyve said it would receive up to 3 million pounds ($3.59 million) from the sale, which will be paid annually until September 2027 based on the Ukrainian operations' profitability.

($1 = 0.8354 pounds)

(Reporting by Muhammed Husain in Bengaluru; editing by Uttaresh.V)