Sunday, September 14, 2025

Latest

Danone To Exit Russian Dairy Business with €1 Billion Write-Off

Danone (EPA: BN) on Friday announced that it has decided to transfer effective control of the Russian operations of its Essential Dairy and Plant-based (EDP) business, a move that would cost the company a write-off of €1 billion ($978 million).

EDP Russia represented around 5% of the company’s revenue in the first 9 months of 2022. The business owns Russia’s top dairy brand, Prostokvashino, and is the country’s largest dairy business, with over 8,000 employees in 12 production sites.

Danone, a French company, is one of the firms that suspended investment in Russia after President Vladimir Putin ordered the invasion of Ukraine in late February. Eight months into the war, Danone says that selling its Russian EDP business is “the best option to ensure long-term local business continuity, for its employees, consumers and partners.”

The company also said that once final, the sale, subject to regulatory approvals, “will result in the deconsolidation of Danone’s EDP Russia business.” As Danone sells both local and international brands in the country, it remains unclear whether the new operator would also carry Danone’s global brands.

It will continue exporting some specialized nutrition products into Russia.

Danone’s exit from Russia follows a similar announcement from another major multinational company. Japanese carmaker Nissan announced on Tuesday that it was selling off its Russian unit to the state-owned Central Research and Development Automobile Engine Institute (NAMI) for a token amount of €1.

Danone last traded at €48.48 on the Euronext Paris.


Information for this briefing was found via Danone, Bloomberg, Forbes, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Fury Gold Mines: The Eau Claire PEA

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

German Exports to Countries Neighboring Russia Surge Amid Concerns Over Sanctions Circumvention

Exports from Germany to countries bordering Russia have experienced a significant surge in the first...

Wednesday, August 9, 2023, 07:33:00 AM

Beer Shortages in Europe? Surging Energy Costs are Shutting Down Fertilizer Plants… And Consequently Brewers

The European Union may not need to embark on burdensome efforts to cut down the...

Monday, August 29, 2022, 05:47:43 PM

Ukraine Warns of North Korean Involvement as Report Claims 10,000 Troops Sent to Russia

Reports have emerged suggesting that North Korea has dispatched 10,000 soldiers to Russia to support...

Wednesday, October 16, 2024, 09:16:00 AM

Russia Bans Jim Carrey And 99 Other Canadians In Response To New Sanctions, Military Aid

Russia’s Foreign Ministry on Monday announced that 100 Canadians have been added to the list...

Tuesday, November 15, 2022, 04:32:00 PM

European Air Force Plan Proposed To Protect Ukrainian Airspace

Military experts have developed a plan called “Sky Shield” that would deploy 120 European fighter...

Friday, March 7, 2025, 12:52:00 PM