Increased 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. Carlsberg has written down the entire value of its Russian business and terminated agreements allowing the local subsidiary to sell the company’s products.
November 09, 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. Carlsberg writes off value of Russian operation. Baltika filed a lawsuit to recover damages of 6.24 billion Danish kroner, or 84.1 billion rubles, from Carlsberg Group structures. The St. Petersburg court accepted Baltika's claim against Carlsberg for $900 million in damages. Baltika has acquired the rights to Zatecky Gus. The company's international and local brands have become part of a conflict with Carlsberg Group after the latter's business was transferred to the management of the Federal Property Management Agency. Russia approves $320 mln sale of Carlsberg assets to local businessmen, document shows. Russia's government has approved the sale of Danish brewer Carlsberg's, opens new tab assets in Russia to VG Invest, a local firm with links to brewery holdings, for 34 billion roubles ($320.75 million), a government document seen by Reuters showed.
| December 12, 2024 | Russia approves USD 322 million management buyout of Baltika |
| December 03, 2024 | Baltika factories sold to Putin's judo partner for half price |
| December 03, 2024 | Russia approves $320 mln management buyout of Carlsberg assets, document shows |
| December 02, 2024 | Putin Returns Carlsberg's Baltika to Company: Shares Rise |
| November 12, 2024 | Baltika has acquired the rights to Zatecky Gus. The company's international and local brands have become part of a conflict with Carlsberg Group after the latter's business was transferred to the management of the Federal Property Management Agency. |
| September 05, 2024 | ‘They Have Stolen Our Business’: When You Leave Russia, Putin Sets the Terms |
| July 08, 2024 | Carlsberg to buy UK drinks maker Britvic for £3.3bn |
| April 24, 2024 | Danish Carlsberg Group invests about 2 billion in Ukrainian business |
| April 11, 2024 | Former Russian subsidiary demands US$950m from Carlsberg Group |
| March 30, 2024 | The St. Petersburg court accepted Baltika's claim against Carlsberg for $900 million in damages |
| March 28, 2024 | Foreign firms' losses from exiting Russia top $107 billion |
| March 21, 2024 | Baltika, managed by the Federal Property Management Agency, recovers more than 84 billion rubles from Carlsberg Group |
| February 27, 2024 | Letter: Groups that stay in Russia risk complicity in Putin’s war crimes |
| February 22, 2024 | Foreign companies managed by the Federal Property Management Agency will be able to receive government support |
| February 07, 2024 | Carlsberg Eyes Wider Profits This Year After 2023 Performance Hit by Inflation, Russia Woes |
| January 18, 2024 | The Baltika brewing company is trying in court to retain the rights to the Danish brand Carlsberg |
| December 18, 2023 | The court left Baltika the right to use Carlsberg beer brands |
| December 12, 2023 | Carlsberg CEO plans to continue hiking beer prices and expand in Asia as the brewer tries to offset the loss of its ‘stolen’ Russian business |
| December 08, 2023 | Danone’s Chechen takeover: inside a Russian expropriation |
| December 06, 2023 | Russia "stole" the Baltika plant from the Danish Carlsberg Group |
| November 16, 2023 | Russian Brewery Executives Arrested for Brand Sales to Carlsberg – Reports |
| November 09, 2023 | ‘Blood in the water’: How Carlsberg lost its Russian business |
| November 08, 2023 | Сarlsberg threatens Russia with an international court because of the situation around "Baltika" |
| November 02, 2023 | Carlsberg would rather lose its Russian business than negotiate a deal with Moscow, and it shows how hard it is for companies to exit the market |
| November 01, 2023 | Carlsberg CEO: Russia has 'stolen our business' |
| October 31, 2023 | Russia has tightened capital controls to help prop up rouble, report says |
| October 31, 2023 | Carlsberg says Moscow steals its Russian business |
| October 20, 2023 | Baltika is trying through the court to retain Carlsberg's licenses for the Seth & Riley's Garage, Holsten, Kronenbourg and Tuborg beer brands |
| October 05, 2023 | BT, Carlsberg, Burger King: Who is still in Russia? |
| October 03, 2023 | Carlsberg revoked the license for its beer brands from Baltika |
| October 03, 2023 | Carlsberg Group terminates license agreements in Russia |
| October 03, 2023 | Carlsberg prepares for fight over Russian unit’s right to sell its brands |
| August 16, 2023 | Carlsberg in the dark over Russian business after shock seizure |
| August 16, 2023 | Carlsberg ‘shocked’ at seizure of Russian subsidiary |
| August 16, 2023 | Carlsberg declared "shock" after Putin's decision to take control of Baltika |
| August 07, 2023 | FT estimated damage to European companies since the beginning of the conflict in Ukraine at €100 billion |
| August 06, 2023 | European companies suffer €100bn hit from Russia operations |
| July 19, 2023 | Kremlin oligarchs eye Carlsberg assets as Kadyrov ally takes over Danone unit |
| July 19, 2023 | Update on temporary management in Baltika Breweries |
| July 16, 2023 | Moscow seizes Russian subsidiaries of Danone and Carlsberg’s Baltika |
| June 29, 2023 | Baker McKenzie Teams Up with its Former Russian Lawyers for Carlsberg Sale |
| June 23, 2023 | Carlsberg sells its Russian business, subject to regulatory approvals |
| June 23, 2023 | Carlsberg reaches deal to sell Russian business |
| May 08, 2023 | Letter sent by B4Ukraine to the company and the response provided |
| March 15, 2023 | Carlsberg denies report it sold Russian breweries to Turkey's Anadolu |
| February 12, 2023 | This is the ninth time that I am writing about Carlsberg and its connection to the war in Ukraine |
| February 07, 2023 | Carlsberg seeks buyback clause as it nears exit from Russia |
| August 18, 2022 | Carlsberg Group lost 8.6 billion Danish kroner in the first half of the year due to exit from the Russian market |
| March 28, 2022 | Carlsberg Group to leave Russia |
