Arconic Corporation announced that the Company will be pursuing the sale of its Russian operations. The Company undertook a thoughtful review of strategic alternatives given the limitations imposed on our operations by the Russian government and as a result of the ongoing legal dispute with the Russian Federal Anti-Monopoly Service. This review has been conducted consistent with the Company’s nearly 20-year history of transparency with the United States government, starting with consultation about the original acquisition.Following this review, the Company has determined, with the support of the Board of Directors, to pursue a sale of the facility in Samara, Russia in strict compliance with all applicable laws. As a result, the Company expects to record a charge of up to USD 500 million.
Arconic Corporation announced that the Company will be pursuing the sale of its Russian operations. The Company undertook a thoughtful review of strategic alternatives given the limitations imposed on our operations by the Russian government and as a result of the ongoing legal dispute with the Russian Federal Anti-Monopoly Service. This review has been conducted consistent with the Company’s nearly 20-year history of transparency with the United States government, starting with consultation about the original acquisition.Following this review, the Company has determined, with the support of the Board of Directors, to pursue a sale of the facility in Samara, Russia in strict compliance with all applicable laws. As a result, the Company expects to record a charge of up to USD 500 million.
