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Carlsberg A/S (CARLBC.XC)
- Reuters
Legal battles over Carlsberg's Russian unit to last years, CEO says
Legal wrangling over Carlsberg's seized Russian business will likely continue for years, its CEO Jacob Aarup-Andersen said on Tuesday. Moscow took control of Carlsberg's stake in Baltika Breweries in July 2023 after the beer giant tried to sell it, prompting Aarup-Andersen to say its business had been stolen. Carlsberg subsequently wrote down the value of its stake to zero.
- Reuters
Carlsberg says Q1 growth driven by premium brands despite flat Chinese beer market
COPENHAGEN (Reuters) -Danish brewer Carlsberg sold more of its premium beer brands and saw price increases in all its main markets during the first quarter, although beer drinkers in China continued to hold back, its CEO said on Tuesday. Carlsberg, the maker of brands such as Kronenbourg 1664, Tuborg and Somersby, reported first-quarter sales slightly above expectations on Tuesday and said sales of premium beer brands grew 8% in the period. While Carlsberg grew its market share in China and increased volumes by 5%, the overall beer market in the country was flat as consumer spending remained subdued, Carlsberg CEO Jacob Aarup-Andersen said.
- Reuters
UPDATE 1-Russia seizes assets of agricultural firm AgroTerra
Russia has seized companies belonging to agricultural firm AgroTerra and placed them under temporary management, including some backed by Dutch investment firms, a decree signed by President Vladimir Putin showed late on Monday. Monday's decree listed AgroTerra assets being placed under temporary management of Rosimushchestvo, Russia's federal property management agency.
