Baltika adds to its debt – Kommersant

The Baltika brewing company filed a claim with the Arbitration Court of St. Petersburg and the Leningrad Region to recover a debt of 4.41 billion rubles from the Danish Carlsberg Breweries A/S. by agreement dated September 2021. The determination is published in the case file. The amount includes the principal debt of RUB 4.09 billion, as well as interest on the loan for the periods from August 21 to September 21 and from September 22 to December 20, 2023. Baltika declined to comment; Carlsberg did not immediately respond to Kommersant.

Baltika is part of the Carlsberg Group, but since July 2023, by decree of Russian President Vladimir Putin, the shares of the Danish group have been under the temporary management of the Federal Property Management Agency. Its founder, Taimuraz Bolloev, was appointed president of Baltika. Carlsberg then announced the termination of licenses for international and regional brands with Baltika.

Baltika responded by filing claims to invalidate Carlsberg’s refusal to agree to the agreement for the Seth & Riley’s Garage, Holsten, Kronenbourg, Tuborg, Carlsberg and Grimbergen brands. The dispute over the brands Seth & Riley’s Garage, Holsten, Kronenbourg and Tuborg was heard in a closed meeting. The file of cases contains reports of partial or full satisfaction of the claim and support of the decision of the first instance on appeal.

Anatoly Kostyrev