The Danish group Carlsberg received around $ 320 million for the sale of Russian Baltika plants to local management. This is established in the company’s financial report by 2024, which is published on its website.
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It establishes that Russian assets were bought by two managers who occupy high positions in the Baltic. The report specifies that, within the framework of the agreement, the parties regulated all unresolved legal disputes, including issues of intellectual property rights.
In addition, Carlsberg retained 100% possession of Carlsberg Azerbaijan in Azerbaijan and Carlsberg Kazakhstan in Kazakhstan. “The sale marked the end of more than 25 years of Carlsberg in Russia,” the report said.
The Danish company announced the sale of Russian businesses in early December. Reuters, citing a government document, wrote that the Kremlin approved the sale of Baltika plants for 34 billion rubles (about $ 320.75 million).
The transaction took place almost immediately after Vladimir Putin’s decree in the Baltic Retirement of the Temporary Administration of the Federal Property Administration Agency. This step gave Carlsberg the opportunity to sell the business, the “Dispute Resolution” of the Nordic Star Law Office, Anna Tratskaya, told Vdomosti.
Carlsberg announced plans to leave Russia in March 2022. In June 2023, the company said it found a buyer for Russian assets, but a month later, Putin delivered the actions of foreigners in the Baltic to the Federal Agency for Property Administration .
/ Photodoma
Author:
Mikhail Zelenin
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.
