Published by Global Banking & Finance Review®
Posted on December 6, 2024
1 min readLast updated: January 27, 2026
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Carlsberg has completed the sale of its Russian assets to VG Invest for 34 billion roubles, following government approval.
MOSCOW (Reuters) - Danish brewer Carlsberg has finalised the sale of its assets in Russia to local company VG Invest, Russian company filings showed on Friday, days after Carlsberg said it was selling to two longstanding employees of Baltika Breweries.
Reuters reported on Tuesday that the Russian government had approved a 34-billion-rouble ($345.2 million) deal for Carlsberg to sell the assets to VG Invest.
Moscow seized control of Carlsberg's stake in Baltika, Russia's leading brewer, in July 2023 and placed it under "temporary management", prompting Carlsberg Group CEO Jacob Aarup-Andersen to say its business had been stolen.
Taimuraz Bolloev, who ran Baltika from 1991 to 2004, and was installed as president during the temporary management period, was still listed as Baltika president, the records showed.
($1 = 98.5000 roubles)
(Reporting by Olga Popova and Alexander Marrow. Editing by Mark Potter)
The main topic is Carlsberg's sale of its Russian assets to VG Invest after government approval.
VG Invest, a local company, purchased Carlsberg's Russian assets.
The deal was valued at 34 billion roubles, approximately $345.2 million.
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