Carlsberg sold Baltika's assets for 34 billion rubles

The government commission headed by Finance Minister Anton Siluanov approved the deal on the sale of Baltika Breweries assets on November 8, 2024. This follows from the minutes following the meeting, which was signed by the head of the Ministry of Finance. "Izvestia" familiarized with the documents. According to the materials, the deal included a 98.65% stake in the authorized capital of the Russian asset.

The contender for the purchase was "VG Invest", which will pay for this asset 34 billion rubles. Another 2 billion rubles will be spent on the acquisition of 100% of Hoppy Union, AR SI BRU and Conics Brewery.

The transactions will take place in December 2024, in rubles, they will come from Carlsberg to banks that are located outside Russia. At the same time, 15% of the value of the share of Baltika Breweries will go to the budget.

Earlier in the day, the Danish corporation Carlsberg Group announced that it had agreed to sell its shares in Baltika Breweries.

The day before it was reported that the shares of Baltika Breweries were withdrawn from the temporary management of Rosimushchestvo. The corresponding decree of Russian President Vladimir Putin was posted on the official Internet portal of legal information. 98.56% of Baltika, which belonged to Carlsberg Sverige Aktiebolag, 1.35% - Hoppy Union LLC, 0.09% - Carlsberg Deutschland GmbH, were excluded from the list of assets, in respect of which temporary management was introduced.

In July 2023, the head of state signed a decree in which the foreign shares of Baltika were transferred to Rosimushchestvo. In the same month it became known that Taimuraz Bolloyev became president of the brewing company.

Back in March 2022, Carlsberg announced its intention to leave the Russian market.