Heineken said today that it had completed its exit from Russia by selling its operations there to Russia’s Arnest Group for a symbolic one euro.
The world’s second-largest brewer said the deal had received all the required approvals and was likely to leave it with exceptional losses of €300m.
Heineken announced its intention to exit Russia in March 2022 after Russia’s invasion of Ukraine, acknowledging that the process had taken longer than expected.
Read the full article on the Reuters website
