Carlsberg finds buyer for Russia business

27-Jun-2023 - Denmark

After a long time, Carlsberg has found a buyer for its business in Russia. An agreement was signed on Friday, as the Danish brewer announced in Copenhagen. Who the buyer is, the group left open, as well as the sale amount. The signing of the agreement is a very important milestone in the highly complex separation and sale process, explained Carlsberg CEO Cees 't Hart. The necessary approvals from the Russian authorities are now awaited. The timing of the final closing of the transaction is therefore still unclear, he added.

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Carlsberg is one of the largest brewing groups in the world. The company had announced at the end of March 2022 - one month after the Russian invasion of Ukraine - that it wanted to withdraw completely from Russia and sell its business there. Since then, it had been looking for a buyer./trs/DP/jha (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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