APS Energia loses control over Russian subsidiary, losing PLN 14 mln

APS Energia has announced that, following an in-depth analysis, it has lost control over its Russian subsidiary, OOO APS Energia RUS, as of December 31, 2024. The loss of control stems from the inability to influence the company’s operations and financial results, as defined by IFRS 10.

As a result, the company will recognize a financial loss of approximately PLN 14 million in its 2024…