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Carlsberg to sell Russian business by mid-2023

MOSCOW, Feb 7 (PRIME) -- Danish beer brewing giant Carlsberg plans to sign a deal to sell its RussiaТs largest brewery plant Baltika until the middle of 2023, the company said in a report on Tuesday.

УAn offer process is expected to commence in JanuaryЦMarch 2023, and we are aiming to sign a divestment agreement by mid-2023,Ф the report read.

Carlsberg also said that its revenue in Russia grew by 56% on the year to 10.207 billion Danish kroner, or U.S. $1.5 billion, even though the sales fell by 2.6% in the physical terms.

A spokesperson for Baltika, who has been a part of Carlsberg Group, told PRIME that the company would continue operating as usual until the deal is closed.

End

07.02.2023 16:19
 
 
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