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Danone to withdraw from most of business in Russia, keep infant nutrition

byAlya Shandra
14/10/2022
1 minute read
Danone to withdraw from most of business in Russia, keep infant nutrition

The French agribusiness Danone said in a statement Friday it planned to transfer control of its essential dairy and plant-based business in Russia, retaining only its infant nutrition branch.

Danone’s Russian dairy unit brought it 5% of net sales in the first nine months of 2022. The company did not nor disclose to whom the business would be transferred.

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