The Baltic subsidiary, Danish Carlsberg Finance A/S, was forcibly taken away from the Russian company by the Danish regulator.
The Baltika Brewing company received in September 2023 a notice of termination of ownership of its Danish "daughter" - Carlsberg Finance A/S. Such data is contained in the company's published financial statements.
This notice of compulsory seizure of property was sent by the Danish Business Administration. It was reported that 63.59% of Carlsberg Finance A/S shares, owned by Baltika Brewing Company LLC, became the property of Danish Carlsberg Breweries A/S. Baltika has invested a total of 38 billion rubles in its Danish daughter, which it plans to return in court.
The reserve created in connection with the current situation affected the financial result of the company - the Baltika Brewing Company ended 2023 with a net loss of 28 billion rubles. The company's revenue amounted to 109 billion rubles.
In July 2023, in accordance with the decree of the President of the Russian Federation, 100% of the company's share capital was transferred to the temporary management of the Federal Property Management Agency. Swedish Carlsberg Sverige Aktiebolag (98.56%), Russian Hoppy Union LLC (1.35%) and German Carlsberg Deutschland GmbH (0.09%) remain the owners of the company.
At the end of March 2024, Baltika demanded more than 80 billion rubles from Carlsberg, filing a lawsuit with the Arbitration Court.
Carlsberg is a Danish brewing corporation (third after Anheuser-Busch InBev and Heineken in terms of beer production). Carlsberg owns the Kronenbourg 1664, Tuborg and Somersby brands and 500 other names. The headquarters is located in Copenhagen (Denmark).
Carlsberg Group has owned a stake in the Baltika brewing company since 2000; in 2008 it became the majority shareholder, and then bought out all shares of the company and delisted.
Baltika is a brewing company in the Russian Federation. Baltika owns factories in Russia.
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