The head of the Baltika brewery, Taimuraz Bolloev, turned to the head of the Federal Property Management Agency, Vadim Yakovenko, and invited him to nationalize the enterprise. This has been reported “Vedomosti”Referring to Bolloev’s letter to the Ministry of Finance.
The head of Baltika calls nationalization “the only way out of the current situation.” He points out that the Carlsberg Group company did not accept Russian offers for a deal “beyond acceptable conditions, both in terms of financial agreements and mutually beneficial use of brands.”
Bolloev emphasized that when subsequently evaluating the company, the book value of the organization’s fixed assets, which currently amounts to 17 billion rubles, should be taken into account. Also, according to the head of the enterprise, the organization needs significant funds to update technological equipment and software.
Bolloev noted that the Carlsberg Group followed a policy of systematically reducing the production of its founding brand Baltika, which accounted for only 29% of its sales volume last year, while the production of brands such as Yarpivo and Nevskoye was reduced to zero. The president of Baltika believes that this can lead to a loss of up to 50% of the volume and revenue indicators of the enterprise.
A Vedomosti source close to the Ministry of Finance said that the letter was received, but explained that there is no such precedent in the Russian Federation. Another source confirmed to the newspaper that talks are ongoing regarding the nationalization of Baltika.
Previously, senior managers of the Baltika brewing company detained On suspicion of protecting the interests of the owner of the Carlsberg Group and trying to transfer the rights to the company’s brands to him.
Previously government approved Rules for compensation to foreign companies for assets in the Russian Federation.