Heineken said it would incur a total loss of $325 million.
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After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.
Dutch brewer Heineken says it has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine. The company announced Friday the sale of its business in Russia for just 1 euro.
London (CNN) — Heineken has announced its departure from Russia following the sale of its business in the country for a symbolic €1 ($1).The Dutch beer
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.
THE HAGUE, Netherlands >> Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine, selling its business in Russia for just 1 euro, the company announced today.
The company apologised in March for creating 'ambiguity' on its vow to leave - Copyright AFP WANG ZhaoDutch brewer Heineken on Friday announced it was pulling out of Russia after selling its operations to the Arnest Group, the largest Russian manufacturer of cosmetics, household goods and metal pack…
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Heineken sells its Russian operations for $1 | Since Then