Jungheinrich leads close-to-final negotiations on the sale of its Russian subsidiary

Jungheinrich leads close-to-final negotiations on the sale of its Russian subsidiary

Hamburg, 26 June 2025 - The Board of Management of Jungheinrich AG, with today’s approval of the Supervisory Board of the company, has decided to enter into close-to-final negotiations with three Russian financial investors regarding the sale of all shares in the Russian subsidiary Jungheinrich Lift Truck OOO. The sale would result in the termination of Jungheinrich's business activities in Russia.

Due to the requirements of the Russian Government Commission on the Control of Foreign Investments, according to which the necessary approval of the Government Commission for the transaction requires that the sale price is a maximum of 40 per cent of the market value of the affected Russian company as determined by a Russian valuation expert, purchase prices are currently being negotiated that are significantly below the book value of the participation as of 31 December 2024.

The company expects the conclusion of a binding share purchase agreement in the coming weeks if negotiations proceed as planned. The signing and closing of such a share purchase agreement will be subject to standard market conditions, in particular the approval of the Government Commission.

Press enquiries to:
Dr Benedikt Nufer, Spokesman
Phone: +49 40 69483489
Mobile: +49 151 27791245
benedikt.nufer@jungheinrich.de

Analyst/investor enquiries to:
Andrea Bleesen, Head of Investor Relations
Phone: +49 40 6948 3407
andrea.bleesen@jungheinrich.de

Disclaimer

The explanations above are partially forward-looking statements that are based on the company management’s current expectations, assumptions and assessments for future developments. Such statements are subject to risks and uncertainty that are largely beyond the company’s control. This includes changes in the overall economic situation – such as impacts from geopolitical conflicts, natural catastrophes, pandemics and similar force majeure events –, supply of raw and auxiliary materials, the availability and price development of energy and raw materials, demand in important markets, competition and regulatory frameworks and regulations, exchange and interest rates and the outcome of pending or future legal proceedings. Should these or other uncertainties or unknown factors apply or the assumptions on which these statements are based prove false, actual results may deviate significantly from the results stated or implied. No responsibility is therefore taken for forward-looking statements. Without prejudice to existing capital market obligations, there is no intention to accept any obligation to update forward-looking statements.