06:31 AM EDT, 10/10/2024 (MT Newswires) -- Unilever ( UL ) has completed the sale of its Russian subsidiary to Arnest Group, a local manufacturer of perfume, cosmetics and household products, Unilever ( UL ) Chief Executive Hein Schumacher said Thursday.

Unilever ( UL ) has sold its entire business in Russia, including four factories and operations in Belarus.

Terms of the deal were not disclosed.

"The completion of the sale ends Unilever Russia's presence in the country," Schumacher said.

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