Overview

• The prospective purchaser terminated negotiations on October 7, leaving more than a year of divestment talks without an agreement.
• Knauf says it remains committed to withdrawing from Russia and is evaluating further options in a very challenging environment.
• The company states its Russian units operate under local management and that no profits flow to the Knauf Group.
• Knauf asserts strict compliance with sanctions, saying no goods have moved between Russia and the EU for years.
• The firm rejects reports suggesting its materials supported Russian military construction, noting sales in Russia go to independent dealers, and it continues to build up business in Ukraine as it employs about 4,500 people in Russia.