June 11, 2019 / 6:08 PM / 3 months ago

3M to take about $160 million charge as it deconsolidates Venezuelan operations

(Reuters) - 3M Co said on Tuesday it would incur a pretax charge of about $160 million, or 27 cents per share, in the second quarter, as the company suspended local operations in Venezuela.

The maker of Post-it notes and Scotch tape said in a regulatory filing here that it deconsolidated its Venezuelan subsidiary as of May 31.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below