Carlsberg Group had previously announced having de-consolidated Baltika Breweries, its Russian business The financial loss sustained by Danish brewing multinational Carlsberg Group due to its exit from Russia amounted to 40.8 billion Danish krone ($5.9 billion), according to the company’s full-year 2023 earnings report released on Wednesday. Last year, the Russian authorities took temporary control of the local assets of the Copenhagen-based company, which used to operate Baltika Breweries. The move affected more than 99% of the shares within Baltika Breweries’ registered capital. Prior to that, Carlsberg, which e
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