Reported 4 days ago
Anadolu Efes, the Turkish brewer, is experiencing a major decline in stock value, marked by a 19% drop following a decree from Russian President Vladimir Putin that transferred management of its joint venture with Anheuser-Busch InBev to a local firm. This decision has triggered concerns about the company's future, particularly since Russia accounted for a significant portion of its earnings. Analysts indicate that if this new management situation becomes permanent without proper compensation for shareholders, it could severely impact Anadolu Efes's financial health.
Source: YAHOO