Finnish Owner Of Lida Beer Lost €35 Million

He wanted to leave Belarus in March 2022, but he was not allowed to sell the business.

Finnish beer and beverage producer Olvi admitted that the company's Belarusian business has depreciated by 35 million euros due to “significant changes in the business environment”. And in 2023, profitability is projected to decline due to “legislative restrictions on price increases.” Office life tells about it.

Back in March 2022, Olvi, which owns 96.36% of Lida Beer, announced its intention to leave the Belarusian business. However, due to restrictions on the disposal of local assets, which were adopted by the Lukashists, the Finnish company was unable to sell its shares.

In general, for the business of the group, operating profit fell by 62.4% and fell to the level of €22.4 million.