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Heineken finds buyer for Russian firm

Heineken has found a buyer for its Russian branch, Dutch brewer says Quarterly numbers on wednesday. The company did not say who the buyer would be, but said only that it is waiting for Russian authorities to approve the sale. ‘ said Heineken.

“We continue to make progress in transferring ownership of our operations in Russia and have submitted an application for approval to the authorities of the Russian Federation in line with local regulatory requirements. There are limits to what we can say,” the company said.

The Dutch brewer faced a lot of criticism this year over its Russian branch, Heineken announced last year. it will leave Russia Due to the invasion of Ukraine, continued to sell new products in the Russian market.

March, Heineken repeated his promise to leave RussiaThe company said it needed to maintain the attractiveness of its Russian branch while looking for buyers, so it continued to launch new products in the Russian market.

Heineken reported a 9% increase in sales due to higher prices, despite a 3% decline in beer sales in the first quarter of 2023. Heineken raises prices due to inflationThe brewer made a profit of €403 million in the first three months of the year, about the same as in the first quarter of 2022.

https://nltimes.nl/2023/04/19/heineken-finds-buyer-russian-businesses Heineken finds buyer for Russian firm

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