Exclusive-Russia approves $320 million sale of Carlsberg assets to local businessmen, document shows

Russia's government has approved the sale of Danish brewer Carlsberg's assets in Russia to VG Invest, a local firm with links to brewery holdings, for 34 billion roubles ($320.75 million), a government document seen by Reuters showed. Moscow seized control of Carlsberg's stake in Russia's Baltika Breweries in July 2023 and placed it under "temporary management," prompting Carlsberg Group CEO Jacob Aarup-Andersen to say that its business had been stolen. Carlsberg's assets were removed from temporary management on Monday.