Danone announced Friday evening that it had obtained the necessary Russian regulatory approvals for the sale of its EDP activities in Russia to Vamin R LLC, with completion of the sale expected in the coming weeks.

The French 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 amounts to 1.2 billion euros.

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