Danish brewer Carlsberg is selling its Russian unit, Baltika Breweries, to VG Invest for $322mn after President Putin ended state control, following a decree in July 2023. The deal, expected to close soon, involves a management buyout by Baltika employees and will settle lawsuits and IP rights issues, with Carlsberg also gaining control of assets in Azerbaijan and Kazakhstan. Analysts note that while Carlsberg avoids leaving empty-handed, companies that exited Russia at the war’s onset fared better financially.
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Where Will Archer Aviation Stock Be in 3 Years?
Makers of electric vertical takeoff and landing aircraft (eVTOLs) like Archer Aviation (NYSE: ACHR) aim to transform urban transportation by enabling short-haul flights above traffic. With a market cap of $5.83 billion, it presents a potential growth opportunity for new investors; however, a report from short-seller Culper Research raised concerns about the company's transparency, alleging that Archer "systematically misled" investors regarding the development of its Midnight aircraft, citing contradictions in public statements and internal communications....
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