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Sept 30 (Reuters) — Austrian firm Palfinger is to deconsolidate its Russian business, the company said on Wednesday. As a result the company is to recognise for the third quarter of the year an impairment of around 135 million euros ($153.31 million). ($1 = 0.8806 euros) (Reporting by Tristan Veyet in Gdansk, Editing b
Austrian firm Palfinger VIE:PAL is to deconsolidate its Russian business, the company said on Wednesday.As a result the company is to recognise for the third quarter of the year an impairment of around 135 million euros ($153.31 million).($1 = 0.8806 euros)
Palfinger AG said it will recognise an impairment loss of about EUR 135 million in Q3 2026 related to its Russian assets. It expects the deconsolidation to further affect net income in coming quarters through currency translation reserve effects.