June 17 (Reuters) – U.S. machinery maker Caterpillar’s (CAT.N), opens new tab former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital, Russian company filings showed.
Caterpillar Inc, which makes machinery for the construction, mining and oil and gas industries, suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the country after Moscow’s February 2022 invasion of Ukraine.
Source: REUTER
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