Danone announced Friday evening that it had completed the sale of its EDP activities (dairy and plant-based products) in Russia to Vamin R LLC, following receipt of the required Russian regulatory approvals, as announced on March 22.

The food group initiated the process of transferring these activities in October 2022 and, noting that it no longer held management control, deconsolidated them in July 2023. The total loss recognized in its accounts amounted to 1.2 billion euros.

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