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Danone Gains Approval for Disposal of Russian Business

Russia seized control of Danone Russia in July 2023. Now Danone will take a loss of €1.2 billion for the disposal of its EDP business there.

Danone Russia Getty Images Cropped

About eight months after Russia seized control of its management, French multinational Danone announced that it has received the Russian regulatory approvals required for the disposal of its Essential Dairy and Plant-based (EDP) business in Russia to Vamin R LLC. The closing of this disposal is expected in the coming weeks.


   Carlsberg, Danone Operations Seized by Russian Government
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