Danone Says No Decision Made on Russia Activities, But All Options Are on Table
April 05 2022 - 8:59AM
Dow Jones News
By Giulia Petroni
Danone SA hasn't made a decision to exit Russia but all options
are on the table regarding its business in the country, the company
said Tuesday.
"Danone's position regarding its activities in Russia has not
changed. All options are on the table and the group is monitoring
the situation in close collaboration with the French government,"
it said.
Earlier Tuesday, Reuters reported that the French food company
was looking at possible ways to withdraw from Russia as Europe
prepares to impose more sanctions on Moscow, citing an unnamed
source.
In late March, Danone said it would maintain its local
production of essential dairy and infant nutrition products in
Russia, but that it had ceased non-essential imports and exports
and wasn't taking any cash, dividends of profits out of its
business in the country.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 05, 2022 09:44 ET (13:44 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Danone (QX) (USOTC:DANOY)
Historical Stock Chart
From May 2024 to Jun 2024
Danone (QX) (USOTC:DANOY)
Historical Stock Chart
From Jun 2023 to Jun 2024