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

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 or liquidated local entity(ies)

Exited Exit Completed
Revenue(RF), mln.USD
524
Assets(RF), mln.USD
379
Capital(RF), mln.USD
96
Glob.Revenue, mln.USD
32799
Staff(RF), 2021
3374
Plants
7
Taxes(RF), mln.USD
5

"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.

The Company Statement
August 25, 2023

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.

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Statements Archive
July 03, 2024It is planned to start producing beer under the Moskvich brand
March 12, 2024Bochkarev's bottlers were replaced. Former top managers of AB InBev Efes became heads of industrial enterprises
December 21, 2023The manufacturer of Dichlorvos explained how he bought 7 Russian Heineken breweries for 1 euro
August 25, 2023Heineken exits Russia with one-euro sale of operations
August 25, 2023Heineken Secures Exit From Russia With €1 Sale to Arnest Group
August 25, 2023Beer producer Heineken sold its assets in Russia
August 25, 2023Heineken exits Russia at a loss of €300mn
August 25, 2023The Russian business of Heineken went to the manufacturer of Dichlorvos
July 31, 2023Heineken N.V. reports 2023 half year results
July 11, 2023Exclusive: ‘Shameful and unethical.’ Heineken, Unilever and Oreo maker Mondelez accused of breaking promises to leave Russia
May 20, 2023Heineken has found a buyer for the Russian division
May 06, 2023HEINEKEN’s commitment and approach to leaving Russia
April 23, 2023Heineken Seeks Approval For Sale Of Russian Business
April 20, 2023Heineken found a buyer for the Russian branch
April 19, 2023Heineken has found a buyer for its business in Russia, awaiting approval from the authorities
March 13, 2023Letter sent by B4Ukraine to the company and the response provided
March 07, 2023Heineken blames Russia exit delay on local paperwork
February 24, 2023Heineken Faces Boycott Calls as It Warns Russia Could Nationalize Its Business
February 23, 2023Heineken reneges on its promise and invests in Russia - Follow the Money - Platform for investigative journalism
February 22, 2023Heineken says it still plans to exit Russia, take 300 million euro loss
February 21, 2023Heineken still investing in Russia despite promises to stop
February 21, 2023Heineken breaks promise and still invests in Russia - Follow the Money
February 16, 2023Heineken says Russia exit will take longer than expected
March 28, 2022Heineken N.V. announces decision to leave Russia
Update on our exit from Russia
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