- Press release
3
min time reading
Update from Danone on its EDP business in Russia
- Corporate news
Danone announces today that the Russian regulatory approvals required for the disposal of its EDP business in Russia to Vamin R LLC have been obtained. The closing of this disposal is expected in the coming weeks.
As a reminder, Danone launched the transfer process of this business in October 2022. In July 2023, Danone deconsolidated EDP Russia from its accounts after losing the control of the management. The total loss recognized by Danone in its accounts amounts to €1.2bn.
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