VG Invest to acquire Baltika Breweries from Carlsberg Group for $321m.

VG Invest, a newly formed company owned equally by two longstanding Baltika employees, agreed to acquire Baltika Breweries, a brewing company, from Carlsberg Group, a Danish multinational brewing company for $321m. “Since the announcement of our intention to leave Russia in 2022, we have exhausted all options to find a way to achieve a full exit from Russia while protecting our employees, our assets and the value of the Carlsberg business. With today’s announcement, we will settle numerous lawsuits and IP rights issues related to Baltika Breweries. Considering the circumstances, we believe it is the best achievable outcome for our employees, shareholders and the continued business,” Jacob Aarup-Andersen, Carlsberg Group CEO.