Vedomosti learned of Carlsberg’s plans to sell the Baltika plants at the end of 2024

The agreement has already been approved by the Russian government commission for foreign investment, according to one of the newspaper’s interlocutors. Two other sources claim that one of the investors is Baltic President Taimuraz Bolloev.

Infoline-Analytics CEO Mikhail Burmistrov estimated Baltika’s business at no less than 50 billion rubles, excluding cash from the balance sheet. At the same time, the assets are being sold by a foreign company, so the transaction should be carried out with a 60% discount and a 35% contribution to the budget, the expert said.

Baltika’s press service declined to comment to Vedomosti. Carlsberg did not respond to the newspaper’s request. The publication also sent inquiries to the press service of the Russian government and the Ministry of Finance.

On December 2, Putin signed a decree removing Baltika’s assets from the control of the Federal Property Management Agency. This step allowed Carlsberg to sell the business, Anna Zabrotskaya, head of the dispute resolution department at the Nordic Star law firm, explained to Vedomosti.

Carlsberg announced plans to leave Russia in March 2022. In June 2023, the company announced that it had found a buyer for the Russian assets, but a month later the president transferred the foreign shares in Baltika to the Federal Asset Management Agency. Properties. Carlsberg called Putin’s decree “unexpected” and estimated the losses resulting from it at 624 billion rubles.