SAP Dec 2024 175.000 put
| Previous close | 6.00 |
| Open | 6.00 |
| Bid | 4.50 |
| Ask | 5.20 |
| Strike | 175.00 |
| Expiry date | 2024-12-20 |
| Day's range | 6.00 - 6.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 104 |
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ReutersBillionaire urges Russian firms to build alternative to SAP software
Billionaire Alexey Mordashov has proposed creating a Russian consortium to invest billions in developing an alternative to the widely-used business software made by Germany's SAP, which curtailed its operations in Russia over the Ukraine conflict. SAP announced plans to exit Russia in April 2022 and allowed maintenance contracts with customers to expire at the end of 2023 as it gradually withdrew in opposition to Moscow despatching troops to Ukraine in February 2022. Finding an alternative to SAP, whose software helps businesses manage functions from marketing and human resources to logistics and procurement, is crucial for Russia as it seeks to develop without access to many Western technologies.
