Reply to post: Re: Or..

Schneider Electric to sell Russian ops to local management

Filippo Silver badge

Re: Or..

I was comparing the sale to continued operation by BP. Comparing the sale to a shutdown is different, but I think the sale still makes sense.

I suspect that they believe there's a good chance that if they held on to the property, but shut it down entirely, the result would be that it just slowly (or not so slowly, people will start stealing stuff) degrades into near-worthlessness, and/or eventually gets nationalised without compensation as the nation further degrades into totalitarianism. Given that scenario, it makes more sense to sell while you can.

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