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Fortune
Fortune
Chris Morris

Heineken sells its Russian operations—three breweries and 1,800 workers—for less than a price of a single beer

(Credit: Justin Sullivan/Getty Images)

Heineken has finally completed its pullout from the Russian market, but it did so at a steep cost.

The brewer on Friday announced it had completed the sale of its seven breweries in the country to Arnest Group for roughly $1, less than the retail price of one of its beers.

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