Balanced News: : Amcor sells Russian operations to HT Investments

Packaging company Amcor Plc AMCR, -0.99% AMC, -0.28% said Friday it completed the sale of its three factories in Russia to Russia-based investor HS Investments for 370 million euros ($392.7 million) in cash. Amcor’s three sites in Russia employed 900 people and accounted for about 2% of sales in 2022. Amcor previously announced plans to sell its Russian business, as part of a larger move by companies in reaction to Vladimir Putin’s Ukraine invasion.