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Segezha Group sells its Europe-based Segezha Packaging subsidiary by assigning its €100M debt to buyers, says president of Russian timber holding Mikhail Shamolin; transaction was completed ‘approximately for one dollar’

Segezha Group does not plan to review dividend policy for now; board of directors has recommended a dividend waiver for 2022 owing to weak financial results, but the company will wait for these to recover

Segezha has not yet calculated potential amount of windfall tax it may have to pay because Russian government still determining parameters, criteria of the tax; federal budget would collect total of 300B rubles from companies in 2023-24 with one-time tax

Segezha's Q1 net loss halved to 3.76B Russian rubles from 7.77B a year ago; sales revenue down 42% to 18.7B rubles from 32.08B rubles in prior-year quarter

Sistema-owned Segezha Group recommends shareholders approve board decision to waive dividend payments for 2022; Segezha does not rule out paying interim dividends for Q3 2023 if market conditions are favorable

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