Putin Hands Local Company Control of AB InBev's Russian Unit [Yahoo! Finance]
CARLSBERG AS SP/ADR REP B (CABGY)
NASDAQ:AMEX Investor Relations:
carlsberggroup.com/investor-relations/shares
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Source: Yahoo! Finance
InBev's joint venture, upending the brewer's plans to exit the country via a deal with a Turkish partner. Most Read from Bloomberg Migrant Crisis Pushed US Homelessness to Record High in 2024 All the shares of AB InBev Efes Russia, a tie-up between the Belgian brewer and Anadolu Efes of Turkey, are now under the temporary control of the Vmeste group of companies, a presidential decree published Monday said, without giving any details on Vmeste. In October, Anadolu Efes and AB InBev agreed to swap stakes in their businesses in Russia and Ukraine. Under the deal, the Turkish brewer would become the sole owner of the Russian business, while AB InBev would acquire the Ukrainian unit. AB InBev had previously wanted to sell control of both operations to Anadolu Efes, but Russia objected to that plan. After Moscow's latest intervention, it isn't clear whether AB InBev will eventually be able to exit the country, as other Western companies have managed to do after running into simil
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News
- Putin Hands Local Company Control of AB InBev's Russian Unit [Yahoo! Finance Canada]Yahoo! Finance Canada
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