Heineken Sells Off Russian Operations For 1-Euro
Story by:
MyBeer Buzz
Published: August 25, 2023
| Updated: July 4, 2025
THE HAGUE, Netherlands (AP) — Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine, selling its business in Russia for just 1 euro, the company announced Friday.
Heineken said it would incur a total loss of 300 million euros ($325 million) for the sale to Russian manufacturing giant the Arnest Group.
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