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Moscow takes control of Russian subsidiary of Danone and Carlsberg’s stake in brewer

MOSCOW, July 16 (Reuters) – The Russian state has taken control of French yoghurt maker Danone’s (DANO.PA) Russian subsidiary along with beer company Carlsberg’s (CARLb.CO) stake in a local brewer, according to a decree signed by President Vladimir Putin on Sunday.

The decree said that foreign-owned stakes in Danone Russia and Baltika Breweries were being put under the “temporary management” of government property agency Rosimushchestvo.

It comes after the Russian subsidiaries of Germany’s Uniper (UN01.DE) and Finland’s Fortum (FORTUM.HE) were taken under state control in April.

The Kremlin warned at the time it could seize more Western assets on what it said was a temporary basis in retaliation for foreign moves against Russian companies abroad after Moscow sent thousands of its troops into Ukraine last…

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