The Dutch brewer, Heineken has confirmed the sale of its operations in Russia to that country’s Arnest Group for one euro and has now completely left the territory.
Chief Executive Dolf van den Brink said the decision to sell the company followed the Russia Invasion of Ukraine.
The sale of company in Russia is likely to leave Heineken with exceptional losses of €300 million with its 1,800 workers expected to receive employment guarantees for the next three years.
