Heineken Shuts Down Operations in Russia
09 Mars 2022 - 3:24PM
Dow Jones News
By Michael Susin
Heineken NV said Wednesday that it will stop the production,
advertising and sale of the Heineken brand in Russia as a response
to the escalation of the war in Ukraine.
The world's second-largest brewer said it will shut down its
Russian business and won't take any profit from operations in the
country.
The Dutch brewer--which also owns the Sol, Birra Moretti and
Tiger beer brands--previously said it will stop all new investments
and exports to Russia.
Shares at 1346 GMT were up 4.4 pence, or 5.6%, at 83.7
pence.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
March 09, 2022 09:09 ET (14:09 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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