Danone and Carlsberg Assets in Russia: Russian State Takes Control – Latest News and Updates

2023-07-16 15:34:04

The Danone group is present in particular in Chekhov. © KEYSTONE/EPA/MAXIM SHIPENKOV

Published on 16.07.2023

The Russian state has taken control of assets in Russia of the French groups Danone and Danish Carlsberg. These two multinationals had announced their intention to leave the Russian market following the offensive in Ukraine, indicated a decree published on Sunday.

According to this decree signed by Vladimir Putin and published on the official Russian legal portal, 98.56% of the shares of the Russian brewery Baltika, belonging to Carlsberg, and tens of thousands of shares belonging to Danone are placed “temporarily” under the Russian state control.

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