date:Oct 17, 2022
Plant-based (EDP) business in Russia. Danone considers that this is the best option to ensure long-term local business continuity, for its employees, consumers and partners. Over the first nine months of 2022, the EDP Russia business represented around 5% of Danone net sales and had a dilutive contribution to Danones like-for-like sales growth and recurring operating margin. The transaction could result in a write-off of up to 1 billion (US$976 million). Once closed, the transaction, which will