Danish beer giant to divest from Russia ...News

Carlsberg has confirmed plans to sell its business in the country by the summer Denmark’s Carlsberg Group, the world’s third-largest brewer, confirmed plans to sell its Russian assets in a first-quarter trading statement published on Thursday. The company is “progressing with the complicated task of divesting the business” and is “aiming to sign a divestment agreement before the summer,” read a statement on the Carlsberg Group’s website. The company did not disclose who it is in talks with over the sale. The report also noted that Carlsberg’s revenue in Russia grew by 10% in the reporting period, while sales volum

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