Russian govt. removes Danone assets from state management amid sale talk
Danone’s Russian business ‘removed from state control’ amid sale talk, 14 March 2024
Зresident Vladimir Putin has reportedly removed Danone’s Russian business from temporary state administration, amid rumours of a sale.
The move to halt the seizure of Danone’s Russian business...comes just one month after reports the company giant would sell off its operations to a Russian dairy business.
...[T]he Activia maker was said to be set to sell its business in the country to Russian cheese and butter maker Vamar Tatarstan for Rbs17.7bn ($191m), according to a letter viewed...
Just Food contacted Danone for a reaction to the latest reports and it declined to comment.