Heineken sells Russian business for €1

The Dutch brewer, which also produces Amstel and Birra Moretti, is expected to receive a €300m loss (£257m) including cumulative foreign exchange losses relating to Russia currently recorded in equity

Heineken has sold its Russian beer business to Arnest Group for only €1 (£86p) a year after initially vowing to pull out of the country following the invasion of Ukraine.

Back to top button