Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

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.

 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
Denmark
Alcohol & Tobacco

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
1441
Assets(RF), mln.USD
1092
Capital(RF), mln.USD
440
Glob.Revenue, mln.USD
10682
Staff(RF), 2021
9032
Taxes(RF), mln.USD
12

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.

The Company Statement
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.

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Statements Archive
July 08, 2024Carlsberg to buy UK drinks maker Britvic for £3.3bn
April 24, 2024Danish Carlsberg Group invests about 2 billion in Ukrainian business
April 11, 2024Former Russian subsidiary demands US$950m from Carlsberg Group
April 01, 2024Russia's Baltika sues Carlsberg subsidiaries for over $900 million in damages
March 30, 2024The St. Petersburg court accepted Baltika's claim against Carlsberg for $900 million in damages
March 28, 2024Foreign firms' losses from exiting Russia top $107 billion
March 21, 2024Baltika, managed by the Federal Property Management Agency, recovers more than 84 billion rubles from Carlsberg Group
February 27, 2024Letter: Groups that stay in Russia risk complicity in Putin’s war crimes
February 22, 2024Foreign companies managed by the Federal Property Management Agency will be able to receive government support
February 07, 2024Carlsberg Eyes Wider Profits This Year After 2023 Performance Hit by Inflation, Russia Woes
January 18, 2024The Baltika brewing company is trying in court to retain the rights to the Danish brand Carlsberg
December 18, 2023The court left Baltika the right to use Carlsberg beer brands
December 12, 2023Carlsberg 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, 2023Danone’s Chechen takeover: inside a Russian expropriation
December 06, 2023Russia "stole" the Baltika plant from the Danish Carlsberg Group
November 16, 2023Russian Brewery Executives Arrested for Brand Sales to Carlsberg – Reports
November 09, 2023‘Blood in the water’: How Carlsberg lost its Russian business
November 08, 2023Сarlsberg threatens Russia with an international court because of the situation around "Baltika"
November 02, 2023Carlsberg 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, 2023Carlsberg CEO: Russia has 'stolen our business'
October 31, 2023Russia has tightened capital controls to help prop up rouble, report says
October 31, 2023Carlsberg says Moscow steals its Russian business
October 20, 2023Baltika is trying through the court to retain Carlsberg's licenses for the Seth & Riley's Garage, Holsten, Kronenbourg and Tuborg beer brands
October 05, 2023BT, Carlsberg, Burger King: Who is still in Russia?
October 03, 2023Carlsberg revoked the license for its beer brands from Baltika
October 03, 2023Carlsberg Group terminates license agreements in Russia
October 03, 2023Carlsberg prepares for fight over Russian unit’s right to sell its brands
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 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 19, 2023Update on temporary management in Baltika Breweries
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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