Russia “provisionally” assumed custody of 98.5% of the shares of the Russian brewer Baltika, belonging to Carlsberg, and tens of thousands of shares of local Danone subsidiaries
The state of Russia took control of the local assets of the French agri-food group Danone and the Danish brewery Carlsberg, which had announced their intention to leave the country after the invasion of Ukraine, it was officially reported today. The decision is contained in a decree signed by the president Vladimir Putin and published today, according to the AFP news agency.
Russia “provisionally” took custody of 98.5% of the shares of the Russian brewer Baltika, owned by Carlsberg, and tens of thousands of shares of local Danone subsidiaries. Carlsberg reported at the end of last June that it had found a buyer for its operations in Russia, whom it did not identify.
At the end of March 2022, it had announced the sale of its assets in Russia, where it had some 8,400 employees and had owned the local Baltika brand since 2000.
Meanwhile, Danone announced in October its intention to divest most of its activities in Russia. The French group, which at first defended its presence in the country to respond to “the essential needs of the civilian population”, finally decided to cede control of its branch of dairy and vegetable products, and retain that of child nutrition.
numerous multinationals they left Russia or they suspended their activities in that country after the start of the invasion of Ukraine, on February 24, 2022, and the sanctions of the Western powers against Moscow that have followed one another since then.
Source: Ambito
