Coffee producer Paulig has sold its business in Russia


May 5, Fineko/ Finnish Paulig Group has sold its Russian business.

ABC.AZ reports with reference to the foreign media that Indian businessman Vikas Soi, the head of the coffee producer Milagro Beverage Company, became the new owner.

The amount of the contract has not yet been disclosed.

The Paulig brand will leave the Russian market in the coming months, but the company will continue to supply coffee beans to the new owner during the transition period.