Danone, Carlsberg probe nationalization of assets in Russia ...News

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Danone, Carlsberg probe nationalization of assets in Russia
Shares of the food and beer manufacturing giants have been placed under the control of Russian authorities French dairy products maker Danone and Danish beer giant Carlsberg Group have launched inquiries into the nationalization of their assets in Russia, according to statements on the companies’ websites. Under a presidential decree published on Sunday, Russia has “temporarily” nationalized all foreign shares of Danone Russia, controlled by French parent company Produits Laitiers Frais Est Europe, and Baltika Breweries, controlled by Carlsberg Group, handing them over to the Russian Federal Property Management Ag

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