The Russian subsidiary of beer manufacturer Carlsberg has been taken over by Russia after president Vladimir Putin signed an order to put it in “temporary management” of the state.
16.7.2023 21:23:38 CEST | Carlsberg A/S | Company Announcement
The Russian government has today published a presidential decree, transferring Baltika Breweries to the temporary management of the.
"The Carlsberg Group has been operating in accordance with local rules and regulations in Russia and finds this development unexpected," the company added
Russia’s decision to temporarily take over the Russian assets of Fortum has not caused panic among investors and after a slump, the company’s share recovered.