Putin Hands Local Company Control of AB InBev’s Russian Unit
- Russia has made it harder for western companies to leave
- AB InBev reached Russia exit deal with Anadolu Efes in October
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Russian President Vladimir Putin has given a local company control of Anheuser-Busch InBev’s joint venture, upending the brewer’s plans to exit the country via a deal with a Turkish partner.
All the shares of AB InBev Efes Russia, a tie-up between the Belgian brewer and Anadolu Efes of Turkey, are now under the temporary control of the Vmeste group of companies, a presidential decree published Monday said, without giving any details on Vmeste.