HEINY / Heineken suffers huge loss as it sells Russia business for a euro

The Dutch brewer sold its Russia operations for one euro in August, while consumers globally were deterred by higher beer prices. more_horizontal

Heineken N.V. (EURONEXT:HEIA)'s beer sales volume declined by more than 4% in the third quarter as lower consumer spending and inflation-led price inc more_horizontal

Heineken has seen soft volumes in key emerging markets hit its share price, with the stock currently off around 20% from its 2023 highs. Aggressive pr more_horizontal

Heineken finally cut ties with Russia 18 months after the Ukraine invasion. The company took a 300 million euro hit after selling its Russian operatio more_horizontal

Heineken has announced its departure from Russia following the sale of its business in the country for a symbolic €1 ($1). more_horizontal

Heineken N.V. (EURONEXT:HEIA) has sold its Russian business to native manufacturing company Arnest Group for €1, incurring a total loss of €300 mi more_horizontal

THE HAGUE, Netherlands (AP) — Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasio more_horizontal

Investing in companies that make products people buy day-in and day-out is a smart way to weather an economic storm, but there are some consumer stapl more_horizontal