Russia exit cost EU beer giant $5.9 billion

Russia exit cost EU beer giant $5.9 billion

Carlsberg Group had previously announced having de-consolidated Baltika Breweries, its Russian business The financial loss sustained by Danish brewing multinational Carlsberg Group due to its exit from Russia amounted to 40.8 billion Danish krone ($5.9 billion), according to the company’s full-year 2023 earnings report released on Wednesday.

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