Danish beer producer Carlsberg plans to sign an agreement to sell the Russian business by mid-year, according to the company’s financial statements for 2022.
It is noted that the corporation is already looking for potential buyers of Russian assets. In the Russian Federation, the concern owns the Batltika Brewing Company LLC.
Currently, the company has outlined the criteria for future bidders. The offering is expected to launch in the first quarter of this year.
Overall, the company ended the year with a net loss of $156 million. At the same time, Carlsberg expects 2023 to be a difficult year as rising energy prices will be reflected in production costs.
In March 2022, after the entry of Russian troops into the territory of Ukraine, Carlsberg stopped investing in exports to the Russian Federation, and then stopped production under the flagship brand. At the end of March, the concern left the Russian market.
The company’s assets are currently classified as held for sale.
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.