Anadolu Efes Slumps After Russia JV with AB InBev Rebranded

The shares in Anadolu Efes fell within a maximum of five months after the re-branding of the Russian joint venture with the Russian joint venture of Anheuser-Busch Inbev and deepened the concerns that the work could not regain control.

Anadolu Efes fell to 9.3% on Tuesday. The parent company AG Anadolu Group Holding AS and sister company Coca-Cola shares decreased up to 4.5% and 2.3%, respectively.

The Stock Slide comes after the EU Inbev Efes, in which an renewed logo and trademark name translated by Russian President Vladimir Putin from Russia as “Together with Drinks ,, in December. He said on Monday that the change reflects the firm’s deep integration into the Russian economy ”.

For investors, change underlines the fear of the fate of the Russian joint venture. Legally, EU Inbev and Anadolu Efes continue to have the Russian initiative, but no longer have a say in its activities. Anadolu Efes shares fell 28% last year and 12% for Borsa Istanbul 100 index criteria.

Haydar Acun, the executive partner of Marmara Capital, who holds his portfolio, said, “Many market professionals assumed that after the movement, Anadolu Efes probably lost control of the Russian business,” he said. “This last announcement has probably evaporated a possible return scenario hopes.”

Anadolu Efes said on Tuesday that “the company is related to the commercial name and logo of the company and that the shares did not lead to any change in the ownership structure and the legal status of the shares”. Brewer’s shares were traded 5.5% lower in 16.14 lira from 13:25 in Istanbul and polished some of the previous losses.

The Kremlin’s Movement to put EU Inbev Efes under the rule of the Vmeste Group of Companies followed an agreement between Anadolu Efes and EU Inbev to change the stocks in Russian and Ukraine operations. While this made Turkish Brewer’s only owner of the Russian unit, the EU Inbev would take over the Ukrainian business.

Previously, Russia had led the assets of international companies to temporary administration before issuing sales to the preferred buyers with perpendicular discounts. The unit of Carlsberg A/S was seized and a Putin was delivered to an agreement with an agreement with an approved buyer.

With the help of Beril Akman.

This article was created from an automatic news agency feeding without changing the text.