FILE PHOTO: The logo of Scheider Electrics is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau
PARIS (Reuters) -France's Schneider Electric SE has agreed to sell its Russian unit to the local leadership team, it said on Monday, joining a wave of companies divesting their Russian businesses.
Schneider Electric said it expected to write off up to 300 million euros ($313 million) in net book value as a result of the divestment.
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