“Danieli Group” Leaves the Russian Market

by Meifan Honcharuk
Friday, April 28, 2023
“Danieli Group” Leaves the Russian Market

The Italian metallurgical giant sells both its companies on the territory of the aggressor country

The metallurgical company Danieli Italy follows Hundai, Morgan Stanley, Wintershall Dea, etc. and exits the Russian market.

"The evolution of geopolitical scenarios has led us to understand that commercial relations and presence on the Russian market in its current state are no longer possible. Therefore, we decided to sell our company in this territory", a Danieli Group board of directors chairman Gianpietro Benedetti.

Today, 2 LLCs of Danieli Group operate in Russia:

  • Danieli Volga production of a metallurgical product;
  • Danieli Russia Engineering product installation and commissioning.

The company is currently looking for a buyer. Perhaps, by then, Putin will lift the ban on withdrawing foreign investments from Russia.

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