(Adds price, quote, detail)
HELSINKI, March 14 (Reuters) - Nokian Tyres said on Tuesday it had been informed that Russia's Governmental
Commission on Monitoring Foreign Investment has approved the
Finnish group's sale of its Russian operations to PJSC Tatneft .
Nokian Tyres last year said it would sell the Russian tyre
making business in response to the war in Ukraine.
The price approved by the Russian commission corresponds to
286 million euros ($306.85 million), Nokian Tyres said on
Tuesday, significantly less than the 400 million euros that the
group originally expected when a deal was first announced in
October.
"Substantial uncertainties still remain related to the
transaction and the timing of it as well as the (rouble-euro)
exchange rate on the day of payment," it said in a statement.
($1 = 0.9321 euros)
(Reporting by Terje Solsvik, editing by Anna Ringstrom)
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