# Arconic sells Russian operations to Promishlennie Investitsii for $230M

Arconic completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the main shareholder of VSMPO-AVISMA Corporation, for $230 million in cash. The sale includes the Arconic SMZ metallurgical factory in Russia.

- Type: Acquisition
- Announced: 2022-11-17
- Where: Russia
- Value: $230.0M
- Status: completed
- Products: aluminum extruded and flat-rolled products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Arconic](https://endata.com/companies/8076.md)
- [VSMPO-AVISMA](https://endata.com/companies/20043.md) (partner)
- [Promishlennie Investitsii](https://endata.com/companies/66707.md) (acquirer)

## Sources

- [alcircle.com](https://www.alcircle.com/news/arconic-closes-230-million-cash-deal-sells-100-of-its-russian-operations-to-promishlennie-investitsii-87141), 2022-11-17: "Arconic has successfully sold Promishlennie Investitsii LLC 100 per cent of its Russian operations for cash proceeds of $230 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.