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Carlsberg denies report it sold Russian breweries to Turkey's Anadolu

Published 03/15/2023, 02:48 AM
Updated 03/15/2023, 02:51 AM
© Reuters. FILE PHOTO: A logo of Carlsberg beer is seen on the entrance of a pub in Brussels, Belgium March 10, 2016. REUTERS/Yves Herman

COPENHAGEN (Reuters) - Danish brewer Carlsberg (OTC:CABGY) denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes.

Russian daily Vedomosti, citing two sources close to the talks, reported on Wednesday that a deal had been reached between the two companies.

A Carlsberg spokesperson said the report was not correct.

© Reuters. FILE PHOTO: A logo of Carlsberg beer is seen on the entrance of a pub in Brussels, Belgium March 10, 2016. REUTERS/Yves Herman

Carlsberg, the Western brewer most exposed to Russia, said last year it planned to sell the Russian business and book a writedown of about 9.9 billion Danish crowns following Moscow's invasion of Ukraine.

Carlsberg's board Chair Henrik Poulsen on Monday told shareholders that the company had narrowed the group of potential buyers to just under 10, and that it still expected to have a deal in place before the end of the second quarter.

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