Russian regulatory authorities have rejected a proposed transaction between Anheuser-Busch InBev (AB InBev) and beverage company Anadolu Efes to transfer AB InBev’s noncontrolling stake in its Russian joint venture, AB InBev Efes BV, to the Turkish brewer.
The decision marks a hurdle in AB InBev’s strategy to withdraw from the Russian market following the country’s invasion of Ukraine. However, as with many companies attempting to divest from Russia, the deal was contingent on obtaining the necessary regulatory and governmental approvals.
