Brewer Carlsberg Signs Agreement to Sell Business in Russia
- Danish company doesn’t identify buyer or provide terms
- Carlsberg says sale won’t affect earnings expectations
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Carlsberg A/S, the Danish owner of Russia’s biggest brewery, signed an agreement to sell its operations in the country to an undisclosed buyer, more than a year after deciding to exit.
The deal is subject to regulatory approval and fulfillment of certain conditions in a number of jurisdictions, making the timing of completion uncertain, Carlsberg said on Friday. It didn’t provide a value for the transaction.