Description
STOCKSHOTS of Baltika Breweries logos on cans and glass bottles of beer displayed on shelves in stores of Moscow. Danish brewer Carlsberg announced Tuesday an agreement to sell its shares in Baltika Breweries, its Russian unit, a day after President Vladimir Putin signed a decree ending state control of the business. Carlsberg, like many other Western firms, had announced in March 2022 that it would leave Russia, where it employed 8,400 people, following Moscow's offensive against Ukraine. But a year later, Putin placed Carlsberg's local unit, Baltika Breweries, under state management and the Danish firm's chief executive, Jacob Aarup-Andersen, declared that its Russian business had been "stolen". STOCKSHOTS