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P&G ending new capital investments, reducing portfolio in Russia

P&G ending new capital investments, reducing portfolio in Russia
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Tuesday, 08 March, 2022, 10:36

Procter & Gamble Co (PG.N) is ending all new capital investments in Russia and "significantly reducing" its portfolio to focus on basic hygiene, health and personal care items, CEO Jon Moeller said in a letter to employees posted on its website on Monday.