Clean Break: the company completely halting Russian engagements or exiting Russia

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Carlsberg A/S is a Danish multinational brewer. Founded in 1847 by J. C. Jacobsen, the company's headquarters is in Copenhagen, Denmark. Since Jacobsen's death in 1887, the majority owner of the company has been the Carlsberg Foundation. The company's flagship brand is Carlsberg.

Clean Break: the company completely halting Russian engagements or exiting Russia

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Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1630
Assets(RF), mln.USD
1534
Capital(RF), mln.USD
1011
Glob.Revenue, mln.USD
9929
Staff(RF), 2021
9032
Taxes(RF), mln.USD
12

Still operating in Russia with increasing revenue volumes in 2022 vs 2021 (+$361mn or +28%). Carlsberg sells its Russian business, subject to regulatory approvals. Moscow seizes Russian subsidiaries of Danone and Carlsberg’s Baltika.

The Company Statement
July 19, 2023

Will exit the Russian market and take a substantial non-cash impairment charge. 03.06.2022: Renamed from "CARLSBERG VOSTOCHNAYA EUROPA" LLC to "HOPPI UNION" LLC. Dragging feet on exiting Russia. Carlsberg on June 23, 2023 has signed an agreement to sell its Russian business. Russia seizes control of shares in Danone and Carlsberg subsidiaries.

August 16, 2023Carlsberg in the dark over Russian business after shock seizure
August 16, 2023Carlsberg ‘shocked’ at seizure of Russian subsidiary
August 16, 2023Carlsberg declared "shock" after Putin's decision to take control of Baltika
August 07, 2023FT: The largest European companies have lost 100 billion euros in Russia since the beginning of the war in Ukraine
August 07, 2023FT estimated damage to European companies since the beginning of the conflict in Ukraine at €100 billion
August 06, 2023European companies suffer €100bn hit from Russia operations
July 19, 2023Kremlin oligarchs eye Carlsberg assets as Kadyrov ally takes over Danone unit
July 16, 2023Moscow seizes Russian subsidiaries of Danone and Carlsberg’s Baltika
June 29, 2023Baker McKenzie Teams Up with its Former Russian Lawyers for Carlsberg Sale
June 23, 2023Carlsberg sells its Russian business, subject to regulatory approvals
June 23, 2023Carlsberg reaches deal to sell Russian business
May 08, 2023Letter sent by B4Ukraine to the company and the response provided
March 15, 2023Carlsberg denies report it sold Russian breweries to Turkey's Anadolu
February 12, 2023This is the ninth time that I am writing about Carlsberg and its connection to the war in Ukraine
February 07, 2023Carlsberg seeks buyback clause as it nears exit from Russia
August 18, 2022Carlsberg Group lost 8.6 billion Danish kroner in the first half of the year due to exit from the Russian market
March 28, 2022Carlsberg Group to leave Russia
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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