Anadolu Efes

Business in Russia

Shares in Turkish brewing company Anadolu Efes suffered their biggest two-day drop since 2001 after Russian President Vladimir Putin handed over management of the company's joint venture with Belgium's Anheuser-Busch InBev to a local group.

Decision trail

Decision date 19/12/2023 · Reference ↗

Decided to continue operations in Russia. Carlsberg denies report it sold Russian breweries to Turkey's Anadolu. Turkey’s Anadolu Efes has launched new products in Russia, including an energy drink and an alcohol-free beer, according to its 2023 first-quarter earnings report. Anheuser-Busch InBev agreed to sell its stake in a Russian joint venture to partner Turkish brewer Anadolu Efes. Anadolu Efes will be the sole owner of the business, according to a regulatory filing. In August 2024, the Russian government refused to approve an agreement between the brewing company and Anadolu Efes, according to which the latter received full control of the joint venture of the couple, which operates in Russia and Ukraine. Under the deal, Turkey's Anadolu Efes, whose management currently controls the business unit in Russia, would not receive any payments in exchange for its partner's non-controlling stake in six-year-old AB InBev Efes. At the end of October, the pair announced that they intended to separate the company, with Anadolu Efes getting the Russian unit and AB InBev the Ukrainian unit. In December 2024 Putin placed shares in InBev's Russian entity in temporary management, decree says.

Local stats (LeaveRussia)

Status history since 2022

1. 03/08/2026 — operating · Imported from KSE LeaveRussia

Exposure profile