Autoliv, Inc. has completed the sale of its Russian business operations to Avtodom, a Russian automotive group. This transaction marks Autoliv's full exit from the Russian market, concluding a process initiated due to the challenging geopolitical and business environment.
Avtodom, which previously acquired Mercedes-Benz's Russian assets, will take over Autoliv's former operations in the country. The divestiture allows Autoliv to streamline its global footprint and reduce exposure to a region characterized by heightened operational risks and uncertainties.
This strategic move aligns with Autoliv's efforts to optimize its business portfolio and focus on core markets. The completion of the sale resolves lingering questions about the future of its Russian assets and provides clarity for investors regarding the company's international operations.
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