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French food company Danone DANO.PA said on Friday it would shed its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euro $978 million , the latest costly exit from the country by a global company. This is the best option to ensure long-term local business continuity , Danone said in a statement, adding the Russian unit accounted for roughly 5 per cent of the groups net sales in the first nine months of the year.Shortly after Russias invasion of Ukraine in February, Danone had said that all options regarding its local business were on the table.Danone did not disclose to whom it would transfer the so-called Essential Dairy and Plant-based EDP unit. It said the trans <a href=https://www.cup-stanley.de>stanley cup</a> action was subject to regulatory approvals and if completed would result in the deconsolidation of the EDP business from its accounts.Danones planned exit from Russia is the second such announcement this week from a major Western company, coming after Nissan sold its assets for a symbolic rouble to the state, taking a loss of around $687 million. $1 = 1.0224 euros Follow Cyprus Mailon Google News businessBusinessPick Share: Reuters News Service In case you missed it Monday 30 June | 16:23 Cyprus cyclist battles injury to complete Mountain of Hell race By Sena Chang Sunday 29 June | 13: <a href=https://www.stanley-cups.com.es>vaso stanley</a> 49 Oh, the romance of living in the Cyprus countryside By Rebekah Gregoriades Tuesday <a href=https://www.stanley-cups.fr>stanley cup</a> 01 Ju Fidf JERRY W. ACKLEY
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French food company Danone DANO.PA said on Friday it would shed its dairy food business in Russia in a deal that could lead to a write-off of up to 1 billion euro $978 million , the latest costly exit from the country by a global company. This is the best option to ensure long-term local business continuity , Danone said in a statement, adding the Russian unit accounted for roughly 5 per cent of the groups net sales in the first nine months of the year.Shortly after Russias invasion of Ukraine in February, Danone had said that all options regarding its local business were on the table.Danone did not disclose to whom it would transfer the so-called Essential Dairy and Plant-based EDP unit. It said the trans <a href=https://www.cup-stanley.de>stanley cup</a> action was subject to regulatory approvals and if completed would result in the deconsolidation of the EDP business from its accounts.Danones planned exit from Russia is the second such announcement this week from a major Western company, coming after Nissan sold its assets for a symbolic rouble to the state, taking a loss of around $687 million. $1 = 1.0224 euros Follow Cyprus Mailon Google News businessBusinessPick Share: Reuters News Service In case you missed it Monday 30 June | 16:23 Cyprus cyclist battles injury to complete Mountain of Hell race By Sena Chang Sunday 29 June | 13: <a href=https://www.stanley-cups.com.es>vaso stanley</a> 49 Oh, the romance of living in the Cyprus countryside By Rebekah Gregoriades Tuesday <a href=https://www.stanley-cups.fr>stanley cup</a> 01 Ju Fidf JERRY W. ACKLEY
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