Reuters exclusively reveals SAP delays Russia exit as deal talks fail, workers at risk

Business & Finance

Reuters exclusively reported German software group SAP will delay its exit from Russia months after it declared the company would do so. The Reuters report examined the intricacies global companies like SAP faced trying to extricate from the controversial market. These problems include grappling with existing contractual obligations and facing pressure from the government over speedy exits. Moments before Reuters revealed the news, SAP confirmed the report, which helped wipe out $2.5 billion from its market cap before leveling off by the end of the trading day. Read on Eikon.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Countries: Russia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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