INSUBCONTINENT EXCLUSIVE:
Kremlin loyalists will take control of the seized assets of French food maker Danone and Danish brewer Carlsberg, media outlets reported
approval for its exit.Danone began transferring control of its Russian business to a local entity in October 2022.Citing people close to the
have not yet sold their assets more than a year later.Since December, Russia has forced foreign companies to sell their assets to Russian
buyers at a 50% discount and charged them an exit fee of at least 10% of the transaction value.Moscow revised rules in late March imposing a
quoted as saying by FT.The Kremlin has not explained its reasoning for seizing the Danone and Carlsberg assets.Both companies said they were
