Danone’s Russian business ‘removed from state control’ amid sale talk, 14 March 2024

Зresident Vladimir Putin has reportedly removed Danone’s Russian business from temporary state administration, amid rumours of a sale.

The move to halt the seizure of Danone’s Russian business...comes just one month after reports the company giant would sell off its operations to a Russian dairy business.

...[T]he Activia maker was said to be set to sell its business in the country to Russian cheese and butter maker Vamar Tatarstan for Rbs17.7bn ($191m), according to a letter viewed...

Just Food contacted Danone for a reaction to the latest reports and it declined to comment.