WHP580 Newsroom

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Heineken Leaves Russia With 1-Euro Sale Of Operations

Heineken Leaves Russia With 1-Euro Sale Of Operations

(Undated) -- Heineken is finished in Russia. The Dutch brewer has completed its exit from Russia by selling its operations there to Russia's Arnest Group for one euro. The world's second-largest brewer said the deal is likely to leave it with losses of 300 million euros, the equivalent of nearly 325-million dollars. Heineken announced last March, after the invasion of Ukraine, that it would stop doing business in Russia


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