Danone finalizes the sale of its EDP activities in Russia – 05/17/2024 at 6:14 p.m.

(AOF) – Danone announces that it has completed the sale of its EDP activities in Russia to Vamin R LLC, following obtaining the required Russian regulatory authorizations – as announced in the press release of March 22. Last March, the group recalled that it had initiated the process of transferring these activities in October 2022. In July 2023, noting that it no longer held management control, Danone deconsolidated its EDP Russia activities. The total loss recognized by Danone in its accounts amounts to 1.2 billion euros.


Learn more about the Agri-food sector

Soaring energy prices and a call for help

In the past, energy represented a fixed cost of 3% of turnover. This year, this percentage rises to 5% or even 7% for VSE-SMEs, according to Ania (National Association of Food Industries. Professionals are very worried because until the end of 2022 they generally benefit from coverage to cushion these increases However, they are not renewed for 2023 and beyond. Consequently, 25 of the main inter-professional organizations (Intercéales, Inaporc, Semae, etc.) are calling on the State for help in the face of the erosion of their margins and their capacity to operate. investment.

The State has proposed several devices, including an “electricity shock absorber”, which are considered insufficient. The organizations also deplore the failure of European negotiations to achieve a price shield to avoid distortions of competition. Agriculture and agri-food demand a maximum ceiling price of €180/MWh while many companies buy at prices above €500/MWh on the French market.

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