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Evening Standard
Evening Standard
World
Henry Saker-Clark and Bill McLoughlin

Heineken sells Russian business for €1 at loss of £256m

Brewing giant Heineken has completed its exit from Russia, roughly 18 months after the invasion of Ukraine.

The Dutch firm, which also makes Amstel and Birra Moretti beers, said it has now secured the sale of the business, which includes seven breweries, to Russian company Arnest Group for 1 euro.

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