PARIS (Agefi-Dow Jones)–The agri-food group Danone is closely monitoring the situation in Russia and keeping “all options” open, its chief executive, Antoine de Saint-Affrique, said on Tuesday during a conference with analysts. .
“All options are on the table,” said the leader, adding that the group was monitoring the situation in “close collaboration and in agreement with the French government”.
Danone is also working on plans to mitigate the effect of the sanctions imposed on Russia, particularly with regard to the supply of ingredients and packaging, underlined the chief financial officer, Juergen Esser. The manager recalled that Danone’s activity in the country was 90% local, carried out in rubles and that it had a self-financing capacity.
Danone decided on Sunday to suspend its new investments in Russia, a country which represents 5% of the group’s sales.
-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: VLV
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
March 08, 2022 08:00 ET (13:00 GMT)