Following the invasion of Ukraine by Russia, the Dutch brewing giant Heineken has officially announced the divestment of all its operations in Russia. The sale to Arnest marks the conclusion of the withdrawal process initiated in March 2022.
Renowned brewer Heineken has sealed its definitive exit from the Russian market with the divestment of all its activities in the country. The announcement, made on August 25, confirms the sale of Heineken’s Russian operations to the Arnest group. This move stems from Heineken’s decision to withdraw from Russia in the wake of Russia’s invasion of Ukraine, an event that had profound implications for the economic and political dynamics of the region.
The withdrawal process was initiated in March 2022, and after obtaining the necessary approvals, Heineken has now concluded the sale to Arnest, thus marking the end of its operational presence in Russia. This strategic decision underscores Heineken’s commitment to disengage from a market that has been deeply disrupted by recent geopolitical events.
The sale to Arnest will allow Heineken to focus its resources on other key markets around the world, while ensuring a smooth transition for its employees and business partners in Russia. The Dutch brewing giant joins other international companies that have taken similar steps to withdraw from Russia due to recent political and economic developments.
