Danone announced its withdrawal from the Russian market
The French Danone, which continued to manufacture baby food and dairy products in Russia (Prostokvashino, Activia), announced its withdrawal from the Russian market, the transfer of control in the business and the write-off of 1 billion euros. The EDP Russia division, which gave Danone 5% of sales in the first nine months of this year, will be deconsolidated after the transfer. Who will receive the assets, the company did not specify.