Two more foreign companies sell their businesses in Russia
Belgian developer Ghelamco has sold its only asset in Russia – a warehouse complex in Dmitrov, Moscow Region, with a total area of 243,000 sq. m, Vedomosti reported on 21 April, citing informed sources.
All necessary approvals from the government commission were obtained, one source told the newspaper. The exact buyer of the warehouse remains unknown, but a source close to Ghelamco said, “all signs suggest it is the investment company Central Properties.” RBC also reported in March 2024 that Central Properties was likely to acquire Ghelamco’s warehouse complex.
Taking into account the 60% discount established for the sale of assets by foreign companies, the deal may have been worth between RUB 8.7 and 9.2 billion, Vedomosti noted, citing consultants.
A few days earlier, it was revealed that German insurance company HDI Global SE had sold its 100% stake in its Russian subsidiary. In March 2025, HDI Global SE (part of financial holding Talanx AG) sold 100% of the shares in LLC SK HDI Global to a Russian investor. The company was subsequently renamed LLC “Hansa” Insurance Company and underwent rebranding, Hansa announced in a press release.
A significant portion of the insurance premiums collected by HDI Global came from the business of insuring large European enterprises in Russia, the statement notes.
According to the Unified State Register of Legal Entities, on 19 February 2025, Dmitry Piskulov – General Director of LLC Gardia Capital Partners and one of the partners at the consulting firm Russia Partners Advisers – became the owner of 100% of Hansa Insurance Company.