The Russian division of the American computer manufacturer Hewlett-Packard (HP Inc.) – HP Inc. LLC – filed a petition with the court to extend the period of its liquidation for another six months. This was reported by the Business news agency.
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The liquidation of the subsidiary began in November 2023 at its own request. The company had one year to complete all the procedures. HP was unable to complete the liquidation in time and asked the court to give it another six months. The company referred to the fact that the case before a court of general jurisdiction against the company as a defendant has not yet been concluded and provisional measures continue to be applied.
The court granted the request. The new date for the final liquidation of HP’s Russian subsidiary is set for April 23, 2025.
The American company decided to leave the Russian market after the start of the military operation and officially stopped selling its equipment.
As of December 2, the company is 99.99% owned by the Dutch Alfa Holding UAN BV, another 0.01% is owned by Perseus Holding BV, which is also registered in the Netherlands. According to the results of 2022, HP Inc.’s revenue decreased by 64% compared to 2021, to 15 billion rubles, and the net loss amounted to 1.7 billion rubles. In 2023, HP Inc LLC had no revenue, but its net loss decreased to 343 million rubles.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
