Danone is planning to sell its Russian business to a member of its Kremlin-installed management linked to the nephew of Chechen strongman Ramzan Kadyrov, seven months after Vladimir Putin ordered the seizure of the French company’s local operations.
The dairy products group is looking to sell the rebranded Life & Nutrition to Vamin Tatarstan, a Russian dairy company owned by 29-year-old Mintimer Mingazov, according to documents seen by the Financial Times and people familiar with the situation.
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