INSUBCONTINENT EXCLUSIVE:
The French food maker Danone plans to sell its Russian assets to a businessman linked to Chechen leader Ramzan Kadyrov, the Financial
pursuing a sale to Vamin Tatarstan LLC.Vamin Tatarstan's owner, 29-year-old Mintimer Mingazov, has agreed to pay 17.7 billion rubles ($191.5
million), FT said, citing a letter from the potential buyer to the Russian government it had obtained.The price was said to represent a 56%
Since December 2022, Russia has forced foreign companies to sell their assets to Russian buyers at a 50% discount and charged them an exit
Many of the estimated 1,000 international companies that announced their departure from Russia have not yet sold their assets nearly two
years later.Danone started transferring control of its Russian business to a local entity in October 2022.If the deal is approved, Danone
