Danone's Russian Business Seized by Russia

Danone's Russian Business Seized by Russia

just-food.com

Danone’s Russian operations were seized by the Kremlin last July. In a statement released by Danone in July, the company said it would “deconsolidate” the assets, which would result in cash impairment charges of €200m ($216m). In the company’s recent annual results call, Danone spoke about the overall cash impact of the deconsolidation of the EDP business in Russia.

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