(CercleFinance.com) – Danone announces a decree from the Russian authorities which aims to place Danone Russia under temporary external administration by the Russian authorities, a decision which however has no impact on its financial objectives for the year 2023 .
The agri-food group recalls having launched, on October 14, a process of transferring control of its EDP activities in Russia, which was progressing in line with the planned schedule.
Danone declares that it is preparing to “take all necessary measures to protect its rights as a shareholder of Danone Russia, and to ensure the continuity of the company’s operations in the interest of all stakeholders”.