Heineken Exits Russian Market; Sees EUR400Mln Impairment -- Update
2022年3月28日 - 5:44PM
Dow Jones News
By Michael Susin
Heineken NV said Monday that it will exit its operations in
Russia, noting that its business in the country is no longer
sustainable following the outbreak of war in Ukraine.
The world's second-largest brewer said it will transfer its
business in the country to a new owner, without disclosing further
details, and that the decision is expected to create an impairment
of 400 million euros ($439.3 million).
Reduced operations will continue during the transition period to
"minimize the risk of nationalization," it added.
The company said previously that it had stopped new investments
and exports to Russia, and wouldn't take any profit from operations
in the country.
Shares at 0741 GMT were down EUR0.8, or 1%, at EUR86.6.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
March 28, 2022 04:29 ET (08:29 GMT)
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