Heineken seeks approval for sale of Russian business
Reuters
Published Apr 19, 2023 14:18
Updated Apr 19, 2023 15:38
AMSTERDAM (Reuters) - Dutch brewer Heineken has asked regulators in the Russian Federation to approve the sale of its business in Russia.
"If and when we have approval, we will share further details about the buyer," the company said on Wednesday.
The disclosure was made in a trading update in which the company forecast its operating profit this year will increase by a mid to high single-digit percentage.
Heineken has previously said it plans to exit Russia, taking a 300 million euro ($329 million) loss.
($1 = 0.9129 euros)
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Written By: Reuters
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