US Edition
Firm Linked to Putin Ally Acquired Russia’s Largest Brewer After Carlsberg Exit – FBK
Ena Invest purchased Baltika brewery at one-seventh of its estimated 150-200 billion ruble value and funded millions in expenses for Putin's family, Anti-Corruption Foundation says.
4 Articles
4 Articles
Firm Linked to Putin Ally Acquired Russia’s Largest Brewer After Carlsberg Exit – FBK
A billionaire close to President Vladimir Putin has quietly taken control of Baltika, Russia’s largest beer producer, according to an investigation by late Kremlin critic Alexei Navalny’s Anti-Corruption Foundation (FBK). Gennady Timchenko, whose fortune Forbes estimates at more than $23 billion, controls Ena Invest, a company that FBK alleges routinely covers personal expenses for Putin’s family.
The new owner of the Russian brewing company “Baltika”, formerly owned by the Danish giant Carlsberg Group, turned out to be the company “Ena Invest” of Gennady Timchenko, a billionaire and longtime friend of dictator Vladimir Putin.
Carlsberg Sells Baltika Brewery to Russian Billionaire Linked to Putin
In a new report, it has been confirmed that the Baltika brewery, previously owned by Danish company Carlsberg, was sold to a structure called “Ena Invest,” owned by a Russian billionaire Gennady Timchenko, a close ally of Russian leader Vladimir Putin, The Moscow Times reported on August 14. According to the investigation by the Anti-Corruption Foundation (FBK), Timchenko’s wealth exceeds $23 billion, and “Ena Invest” is reported to have covered…
The firm of billionaire Gennady Timchenko, a friend of Russian President Vladimir Putin, paid for the purchase of the Baltika Brewery, according to a new investigation by Alexey Navalny's team. After the start of Russia's full-scale invasion of Ukraine, the Carlsberg Group, which owned 100% of Baltika, announced that it would withdraw from business in Russia. In June 2023, the company announced the sale of Baltika's assets to an unnamed buyer, b…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
