Danone Suspends Investment Projects in Russia
March 07 2022 - 5:17AM
Dow Jones News
By Giulia Petroni
Danone SA said Sunday that it will suspend all investment
projects in Russia following the invasion of Ukraine.
The French food company said it is currently maintaining
production and distribution of dairy products and infant nutrition
in the country in order to meet the population's essential-food
needs.
In Ukraine, Danone said one of its two factories has closed,
while the other one has managed to resume operations.
"We continue to monitor and assess, in real time, how the
situation evolves and will, of course, apply the decisions of the
French authorities with whom we remain closely coordinated," it
said.
At 0939 GMT, shares trade 3.1% lower at EUR47.63.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 07, 2022 05:02 ET (10:02 GMT)
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