Cees ’t Hart stated the corporate had agreed a deal to promote its Russian operations in late June, however simply weeks later a presidential decree transferred the enterprise to the Russian Federal Agency for State Property Management.
“In June, we were pleased to announce the sale of the Russian business. However, shortly afterwards, we were shocked that a presidential decree had temporarily transferred management of the business to a Russian federal agency,” he stated.
“We’re assessing the situation and the legal consequences of this highly unexpected move and will seek to protect our assets and the value of the business.”
The enterprise stated it “has been operating in accordance with local rules and regulations in Russia” and it had protested in regards to the “highly unexpected and unwarranted intervention”.
European and US corporations are dealing with stress in Russia and at residence to get in a foreign country after Mr Putin ordered a full-scale invasion of Ukraine in February 2022.
On Wednesday Carlsberg reported that it had offered 5.24 billion litres of beer throughout the first six months of the monetary yr. It was a small rise on the earlier yr.
Revenue rose 6.6% to 37.8 billion Danish krone (£4.4 billion) within the interval, it added.
It got here a day after Carlsberg upgraded its outlook for the yr, saying working revenue is now anticipated to develop between 4% and seven% as a substitute of the earlier vary of between a 2% contraction and 5% development.
Mr Hart stated: “We’re satisfied with this solid set of results, which have been achieved in a challenging environment.
“This is the first year of executing our new strategy… and we continued to invest in long-term health and growth opportunities despite significant inflation in our cost base.
“The strategic health of our business continues to improve, as seen from the growth of our international premium brands and continued growth in key markets in Asia.”
Carlsberg additionally owns Kronenbourg , Somersby and Tuborg, amongst different manufacturers.
