The Arbitration Court of St. Petersburg and the Leningrad Region approved a conciliation agreement on Baltika’s claim against the Danish Carlsberg group in the amount of 6.2 billion Danish crowns (about 90 billion rubles). This is stated in the files of the arbitration cases.
Author:
https://rb.ru/author/bmuzichenko/
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Baltika demanded in March to recover DKK 6.2 billion from Carlsberg. We are talking about losses that the company could suffer due to the payment of dividends or the transfer of rights to brands. The defendants in the case were Carlsberg Breweries A/S, Carlsberg Sverige Aktiebolag, Carlsberg Deutschland GmbH and Hoppy Union LLC.
The settlement agreement became part of the resolution of legal disputes as part of the sale of Baltika’s Russian assets to local management. Carlsberg announced plans to sell Baltika in early December and, that same month, 100% of the brewing company became owned by VG Invest. Reuters wrote that the transaction amount was 34 billion rubles.
In early December, Vladimir Putin removed Baltika’s assets from the control of the Federal Property Management Agency, which had been under his control since July 2023. Russia’s president transferred the business to temporary state management after Carlsberg announced plans to leave the local market in March 2022.
Báltika was founded in 1990. According to its own data, the company employs more than 10 thousand employees and its factories are located in eight cities of Russia: Voronezh, Novosibirsk, Rostov-on-Don, Samara, St. Petersburg, Tula, Khabarovsk and Yaroslavl.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
