Italys Autogrill to sell its operations in Russia

div classBodysc17zpet90 cdBBJodivpMILAN Reuters – Italian transport caterer Autogrill is selling its operations in Russia, the company said in an answer to an investor question submitted ahead of Thursday‘s shareholders’ meeting.p

pControlled by the Benetton family, the group has only a negligible exposure to Russia, it said in March.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pAutogrills subsidiary company HMSHost Russia has a highway outlet in Sochi in southern Russia and another in the airport in Saint Petersburg, according to its website.p

pA total of 4.1 million euros 4.4 million, which represent 0.1 of the groups 2021 revenue, came in from Russia, the company reported in its latest annual report.p

pHMSHost Russia has a rouble account in “a Russian bank controlled by Intesa Sanpaolo”, the company said in the same answer. The account balance stood at a little more than 2 million euros at the end of 2021.p

pIt was not clear what stage the sale process had reached. Autogrill was not immediately available for further comment. 1 0.9310 eurosp

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pp Reporting by Francesco Zecchini Editing by Keith Weirp

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