Arconic exits Russian canmaking sector

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Arconic Corporation has completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230 million. The transaction closed after Arconic received all required approvals, resulting in the receipt of $230 million of cash consideration for all of the Company’s Russian assets. Cash…

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