Clean Break: the company completely halting Russian engagements or exiting Russia
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Anheuser-Busch Companies, LLC is an American brewing company headquartered in St. Louis, Missouri. Since 2008, it has been wholly owned by Anheuser-Busch InBev SA/NV, now the world's largest brewing company, which owns multiple global brands, notably Budweiser, Michelob, Stella Artois, and Beck’s. AB InBev, is a Belgian multinational drink and brewing company based in Leuven, Belgium (subsidiary of Anheuser-Busch Companies). It has approximately 630 beer brands in 150 countries.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalAB InBev Efes owns 11 breweries in Russia in Vladivostok, Volga, Ivanovo, Kazan, Kaluga, Klina, Novosibirsk, Omsk, Saransk, Ulyanovsk, Ufa and three malt complexes in Kazan, Omsk and Saransk. According to a decree published on the Russian government website on December 30, 2024, Russian President Vladimir Putin has transferred shares of the Russian joint venture AB InBev to temporary management. The decree states that 15,831,786,776 ordinary shares and 92,943 preferred shares of the AB Inbev/Anadolu Efes enterprise have been transferred to the management of the Vmeste group of companies, an organization registered in Moscow in August of last year.
Will sell its non-controlling interest in the AB InBev Efes, request regarding the suspension of the license for production and sale of Bud in Russia will also be part of a potential transaction, not sure of other brands. Increased revenue and profit in 2022 vs 2021. Largest brewing company AB InBev Efes has localized the production of some popular imported brands in Russia: Spaten, Franziskaner, Leffe Blonde and Brune. Anheuser-Busch InBev agreed to sell its stake in a Russian joint venture to partner Turkish brewer Anadolu Efes. Russia is still not letting go of AB InBev: the authorities refuse to approve the deal. Accordingly, AB InBev will be forced to continue operating in Russia, but already under the management of Anadolu Efes. In August 2024, the Russian government refused to approve an agreement between the brewing company and Anadolu Efes, according to which the latter received full control of the joint venture of the couple, which operates in Russia and Ukraine. Under the deal, Turkey's Anadolu Efes, whose management currently controls the business unit in Russia, would not receive any payments in exchange for its partner's non-controlling stake in six-year-old AB InBev Efes. At the end of October 2024, the pair announced that they intended to separate the company, with Anadolu Efes getting the Russian unit and AB InBev the Ukrainian unit. In December 2024 Putin placed shares in InBev's Russian entity in temporary management, decree says.