The Baltika brewing company may be nationalized. The Vedomosti newspaper writes about this.
According to media reports, this idea was proposed by Baltika President Taimuraz Bolloev himself. In a letter to the head of the Federal Property Management Agency, Vadim Yakovenko, he called nationalization “the only way out of the current situation.”
According to Baolloev, the Danish Carlsberg Group did not accept the Russian side’s proposal on the terms of a possible transaction after Baltika’s transfer to the temporary management of the Federal Property Management Agency. In addition, the foreign holding transferred licenses for the Baltika brand for use in 11 countries, mainly the CIS, for a period of 20 years, the letter noted. Balloev called these unfriendly steps by the holding, which, according to him, also did not invest in the modernization of Baltika’s fixed assets and the creation of new production sites in Russia. The company needs “significant funds” to update equipment and software.
The newspaper notes that there are discussions about the nationalization of the company, but to date there are no precedents for nationalization in Russia – in some cases, foreign assets are under management.
Let us remind you that in July Baltika came under the temporary management of the Federal Property Management Agency. According to Interfax, Carlsberg demanded that the Russian authorities compensate for the damage, which the Danish company estimated at 71 billion rubles. and threatened to send the materials to an international arbitration court.
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.