Carlsberg plans to sell Russian business before summer
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The Danish brewing concern Carlsberg intends to complete the sale of the Russian business before the summer. The company announced plans to leave the Russian Federation in March 2022 against the backdrop of the entry of Russian troops into Ukraine.
Carlsberg Group owns the brewing company Baltika. The portfolio includes more than 55 beer brands, including Baltika, Tuborg, Zatecky Gus, Holsten.
“Having another six months in office will allow me and my team to continue our ambitious plans for 2023 and complete the sale of the Russian business before the summer,” Carlsberg CEO Kees t’Hart said in a comment. press release about his decision to step down before the end of the third quarter of 2023.
Carlsberg Group stopped investments and exports to Russia a year ago, stopped production, sales and advertising of its brand. Concern in April appreciated estimated losses from the sale of Russian assets of €1.3 billion. The first half of 2022 the company completed with a loss of €716 million against a profit of €400 million a year earlier.
The Dutch brewing concern Heineken at the end of February also informed about plans to completely withdraw from Russia in the first half of 2023. Company announced about plans to sell the business a year ago.
About the business of foreign brewing companies in the Russian Federation – in the material “Kommersant”Brewers measured volumes”.
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