Russia freezes assets of Danone and Carlsberg companies

Moscow, Jul 17 (Prensa Latina) The Russian Federal Agency for the Management of State Property (Rosimushchestvo) said that it will provisionally manage the Russian assets of the French multinational agri-food company Danone and the Danish brewery company Carlsberg.

July 17, 2023
08:44

The corresponding decree was signed by the President of the Russian Federation, Vladimir Putin, and was published on the official website for legal information, the Izvestia newspaper highlighted on Monday.

Specifically, Rosimushchestvo will administer provisionally 100% of Danone’s shares in Russia, including those of Produits Laitiers Frais Est Europe and Danone Trade.

It will also manage the 98.56 percent belonging to Carlsberg Sverige Aktiebolag, as well as 1.35 percent of Hoppy Union and 0.09 of Carlsberg Deutschland GmbH.

According to Izvestia, now foreign shareholders of these companies cannot transact their properties, as their assets in Russia are frozen.

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