Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit Completed
Heineken is a Dutch brewing company, the largest in the country and the second largest in the world. The headquarters is in Amsterdam.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit Completed"Our main focus right now is exiting Russia responsibly. We never comment on the details of ongoing negotiations. We have been clear from the outset that we will not profit from any sale or transfer of ownership of our business nor do we profit from the ongoing operations while we seek a buyer". Heineken has found a buyer for its business in Russia, awaiting approval from the authorities. Heineken sold Russian assets for 1 euro, under the terms of the deal, the buyer is also obliged to repay the Russian business's intra-group debt to Heineken in the amount of about 100 million euros.
CEO Dolf van den Brink said Heineken was aiming to sell the Russian operations, which still employ around 1,800 people, in the first half of this year – but suggested the process could take longer than initially thought. It pulled its eponymous beer from Russia last year, but continues to sell other brands there. Heineken Seeks Approval For Sale Of Russian Business. Heineken blamed the delay in its Russia exit on local bureaucracy that it said was beyond its control, and reiterated it still planned to exit the country. Increased revenue, profit and assets in 2022 vs 2021. HEINEKEN N.V. announces completion of the transaction to sell its Russia operations to Arnest Group. The transaction has received all the required approvals and concludes the process HEINEKEN initiated in March 2022 to exit Russia, incurring an expected total cumulative loss of €300m. 09.2023: ARNEST MANAGEMENT LLC becomes the new founder of the organization. EVEREST JSC becomes the new founder of the organization. The entry about the founder of HEINEKEN DEUTSCHLAND GMBH has been deleted. The entry about the founder of HEINEKEN INTERNATIONAL B.V. has been deleted.