Danone: Russia places the Russian subsidiary under temporary external administration







Photo credit © Danone Company

(Boursier.com) — Danone took note of the decree of the Russian authorities which aims to place Danone Russia under temporary external administration by the Russian authorities. Danone explains that it is currently studying the situation.

On October 14, 2022, Danone initiated a process to transfer control of its EDP activities in Russia, which was progressing according to schedule.

“Danone 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, and in particular its employees. “, comments the Frenchman.

This decision has no impact on Danone’s financial objectives for 2023.


©2023 Boursier.com






Source link -87