Moscow takes control of Russian subsidiary of Danone and Carlsberg’s stake in brewer

MOSCOW (Reuters) -The Russian assert has taken control of French yoghurt maker Danone’s Russian subsidiary along with beer company Carlsberg (OTC:)’s stake in a local brewer, in step with a decree signed by President Vladimir Putin on Sunday.

The decree said that international-owned stakes in Danone Russia and Baltika Breweries had been being put below the “brief management” of authorities property agency Rosimushchestvo.

It comes after the Russian subsidiaries of Germany’s Uniper and Finland’s Fortum had been taken below assert control in April.

The Kremlin warned on the time it might perchance probably possibly perchance clutch extra Western assets on what it said became a brief foundation in retaliation for international strikes against Russian companies out of the country after Moscow sent thousands of its troops into Ukraine final year.

Carlsberg said in a press birth leisurely on Sunday it had “not bought any reliable data from the Russian authorities when it comes to the presidential decree or the results for Baltika Breweries”.

It added that the prospects for paunchy disposal of its commercial in Russia had been now highly uncertain. Carlsberg said in June it had signed an settlement to sell its Russian commercial, topic to regulatory approvals.

Danone said in a press birth that it became investigating the hiss, along with that the Kremlin’s resolution would possess no affect on its monetary guidance for 2023.

The French company said final October it became seeking out a purchaser for its dairy food commercial in Russia, in a deal that can possibly consequence in a write-off of up to 1 billion euros ($1.12 billion).

($1 = 1.1227 euros)