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Carlsberg sells Russian unit Baltika Breweries for 322 million dollars
Danish brewer Carlsberg is selling its Russian unit, Baltika Breweries, to local firm VG Invest for $322 million, following the lifting of state control by President Putin. The deal, which includes cash and shareholdings in Carlsberg Azerbaijan and Kazakhstan, comes after Carlsberg accused the Russian government of "stealing" its business. Carlsberg's CEO stated this outcome is the best possible given the circumstances, while analysts noted that companies that exited the Russian market early fared better.
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