Oil-Oeld services player Baker Hughes has moved to divest its moribund Russian unit by greenlighting the sale of the business to the company’s local management team. Baker Hughes said Monday the company’s Russia unit would be run independently and operate under a different brand name. The new outOt would also assume all of Baker Hughes’ assets, liabilities and commercial obligations, severing the services giant’s ties to Russia when the deal closes in the second half of 2022.
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