French food giant plans to sell Russian business – FT ...News

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French food giant plans to sell Russian business – FT
source : Russia Today ( News ) () 49
Moscow has placed the shares of Danone’s local business controlled by its foreign parent under temporary state control French dairy producer Danone is looking to sell its operations in Russia to local dairy group Vamin Tatarstan, the Financial Times reported on Wednesday, citing relevant documents and people familiar with the situation.  Under a presidential decree in July 2023, Moscow has “temporarily” nationalized all the shares of Danone Russia controlled by French parent company Produits Laitiers Frais Est Europe. Over 83 million Danone Russia shares have been transferred to state control. According to a lette

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