08.08.2024, 11:03
Anadolu Efes has received notification of the refusal of the Russian authorities to approve the deal with AB InBev
Source: OREANDA-NEWS
OREANDA-NEWS On August 7, the Turkish brewing company Anadolu Efes received a notification of the refusal of the Russian authorities to approve the deal with the Belgian AB InBev.
"According to the notification received by our company on August 7, 2024, the Russian regulatory authorities did not approve the current structure of the transaction," the company said in a statement. - Further developments on this issue will be reported."
The company's work will continue as usual under the management of Anadolu Efes.
As reported, Anadolu Efes planned to buy the share of the Belgian AB InBev in their joint Russian business, AB InBev Efes. The legal process was launched on December 19, 2023. The completion of the transaction depended on the decision of the government commission for the control of foreign investments.
AB InBev Efes owns 11 factories and three malt complexes in Russia. The company's revenue in 2023 increased by 11.4% to 108.6 billion rubles. Net profit increased from 12.3 billion rubles in 2022 to 16.7 billion rubles in 2023. In 2023, AB InBev Efes produced 23.2 million hectoliters (gcl) of beer, 527.7 thousand gcl of kvass, cider and water.
AB InBev Efes is the last of the three largest breweries in the Russian Federation, which is still controlled by foreign companies. In March 2022, after the start of Russia's special military operation in Ukraine, the Danish Carlsberg Group, which owns the Russian brewing company Baltika, announced its intention to completely withdraw from the country. Before that, she stopped investing in production in Russia.
In June 2023, the Carlsberg Group announced that it had found a buyer for Baltika, which includes eight breweries. The name of the buyer was not specified. But a month later - in July 2023 - Baltika was transferred to the temporary management of the Federal Property Management Agency, and Taimuraz Bolloev, who already held this position in 1991-2004, became its president.
In August 2023, the Dutch Heineken sold its Russian business, which included seven breweries, to the Arnest company. The transaction price was 1 euro for 100% of the shares, the foreign manufacturer reported at the time. Subsequently, Alexey Sagal, president of the Arnest Group, explained to RBC that the beer asset cost the company 11.5-12 billion rubles – the amount owed by the Russian division to the Dutch parent company.
"According to the notification received by our company on August 7, 2024, the Russian regulatory authorities did not approve the current structure of the transaction," the company said in a statement. - Further developments on this issue will be reported."
The company's work will continue as usual under the management of Anadolu Efes.
As reported, Anadolu Efes planned to buy the share of the Belgian AB InBev in their joint Russian business, AB InBev Efes. The legal process was launched on December 19, 2023. The completion of the transaction depended on the decision of the government commission for the control of foreign investments.
AB InBev Efes owns 11 factories and three malt complexes in Russia. The company's revenue in 2023 increased by 11.4% to 108.6 billion rubles. Net profit increased from 12.3 billion rubles in 2022 to 16.7 billion rubles in 2023. In 2023, AB InBev Efes produced 23.2 million hectoliters (gcl) of beer, 527.7 thousand gcl of kvass, cider and water.
AB InBev Efes is the last of the three largest breweries in the Russian Federation, which is still controlled by foreign companies. In March 2022, after the start of Russia's special military operation in Ukraine, the Danish Carlsberg Group, which owns the Russian brewing company Baltika, announced its intention to completely withdraw from the country. Before that, she stopped investing in production in Russia.
In June 2023, the Carlsberg Group announced that it had found a buyer for Baltika, which includes eight breweries. The name of the buyer was not specified. But a month later - in July 2023 - Baltika was transferred to the temporary management of the Federal Property Management Agency, and Taimuraz Bolloev, who already held this position in 1991-2004, became its president.
In August 2023, the Dutch Heineken sold its Russian business, which included seven breweries, to the Arnest company. The transaction price was 1 euro for 100% of the shares, the foreign manufacturer reported at the time. Subsequently, Alexey Sagal, president of the Arnest Group, explained to RBC that the beer asset cost the company 11.5-12 billion rubles – the amount owed by the Russian division to the Dutch parent company.
Комментарии