Heineken Exits Russian Market; To Transfer Business to New Owner
28 March 2022 - 06:50PM
Dow Jones News
By Michael Susin
Heineken NV said Monday that it will leave Russia, as its
business is no longer viable and sustainable following the outbreak
of war in Ukraine.
The world's second-largest brewer said it will transfer its
business to a new owner, without disclosing further details.
Operations will continue during the transition period, it said.
The company previously said it has stopped new investments and
exports to Russia, and won't take any profit from operations in the
country.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
March 28, 2022 03:35 ET (07:35 GMT)
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