After ‘exhausting all options’ Carlsberg finally sells off its controversial Russian business with Putin’s blessing

Danish brewer Carlsberg announced Tuesday an agreement to sell its shares in its Russian unit, a day after President Vladimir Putin signed a decree ending state control of the business. Carlsberg, like many other Western firms, had announced in March 2022 that it would leave Russia, where it employed 8,400 people, following Moscow’s invasion of…

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Carlsberg falls after Britvic says the takeover offer is too low

mpalis/iStock Editorial via Getty Images Carlsberg A/S (OTCPK:CABGY) (OTCPK:CABJF) traded sharply lower in London on Friday after British soft drinks maker Britvic (OTCQX:BTVCF) (OTCQX:BTVCY) rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal. Britvic (OTCQX:BTVCF) said its board concluded that the offer from Carlsberg significantly undervalued the company, and its current and future prospects….

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