Russia
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Heineken finally exits Russian market with sell of business to Arnest Group for US$1
RUSSIA – The world’s second-largest brewer, Heineken, has sold its Russian business for just US$1, incurring a total loss of 300 million euros (US$325m). Heineken…
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Unilever at crossroads for its Russian operation following decree to impound assets of foreign companies
UK – The world’s biggest ice cream company, Unilever, is opting to either abandon, sell or retain its operations in Russia, but the “least bad”…
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Moscow appoints Yakub Zakriev as new head of Danone’s Russian subsidiary
RUSSIA – Moscow has announced Yakub Zakriev, deputy prime minister and agriculture minister of Chechnya as the new head of the yoghurt maker Danon’s Russian…
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Russia impounds Danone, Carlsberg operations
MOSCOW -Russia has taken control of the Russian subsidiaries of yoghurt maker Danone and beer company Carlsberg putting them under the country’s temporary management. Moscow…
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Russia seizes control of Carlsberg assets, putting brakes on planned sale
RUSSIA – In a surprising turn of events, the Russian government has seized the operations of Carlsberg in the country, sending shockwaves through the multinational…