Danish brewer’s two earlier bids have been rejected by UK soft-drinks maker
The Danish brewer lost more than £1bn of value on Friday
UK soft-drink maker says sweetened offer from Danish brewer still undervalues it
Move comes seven months after Putin ordered seizure of French food group’s local operations
New chief Jacob Aarup-Andersen says prices of products such as sugar and glass are still rising
Record net migration to the UK post-Brexit
Arrests come amid legal tussle between Danish brewer and Kremlin-backed managers over brand licensing rights
Baltika’s success made it a target for seizure as Kremlin loyalists are rewarded with key assets
Revenue grows on increased beer prices but sales volumes tumble in Europe
Baltika is challenging Danish brewer’s attempt to terminate licence agreements for international labels
Danish brewer accuses Moscow of ‘illegitimate takeover’ of Russian business
Brewer seeks to engage with Russian authorities in the hope of selling Baltika Breweries
Positive sales volumes contrast with declines at competitors after difficulties in beer sector
The companies could take legal action but neither has much chance of a payout
Fear for western subsidiaries in Russia after Moscow hands food group to Chechen minister and Kovalchuks vie for Baltika
First such move against western businesses since takeovers of Finland’s Fortum and Germany’s Uniper in April
‘Highly complex’ process to sell popular beer Baltika is yet to receive Kremlin’s approval
Brewer’s chief wants to give successors options in event that country takes ‘different direction’
Danish group’s margins set to be squeezed by higher costs and slower economic growth
Danish brewer has more exposure to Russia than any of its international rivals
Brewers set to join other consumer businesses in leaving country entirely after invasion of Ukraine
Campaign against multinationals operating in Russia triggers suspension of non-essential items
Danish brewer forecasts inflation and Covid-19 will be a heavy burden on business this year
Europe’s football championship and fine weather helped the Danish brewer to a strong second quarter
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