Baltika Breweries

Baltika Breweries launched production in St. Petersburg in 1990. It was co-founded by Afghan-born Naif Achakzai and Nikita Kefirov. After privatization in 1992, the company was reorganized into an open joint stock company. In 1993 Baltic Beverages Holding Brewing Concern became the company's largest shareholder. In 1998, the name of the enterprise was changed to Open Joint Stock Company Baltika Breweries. 2000 saw the opening of the largest Soufflet Malting Plant in Russia built by Baltika in St. Petersburg, together with the French company "Groupe Soufflet", which invested approximately $35 million in the project and received 70% ownership of the plant. Baltika covered the rest of the expenses and received 30% of the shares.

The company listed on the Rts stock exchange in September 2001; by January 2002 it had reached a market capitalization of $1.3 billion.

At the end of 2006, Baltika merged with three Russian breweries, Vena, Pikra, and Yarpivo, and in 2007 they became one legal entity.

In April 2008, Baltic Beverages Holding bought a stake in Baltika. Following the acquisition, Baltika delisted from the Moscow stock exchange in October 2012.

Baltika and all its assets were seized on 16 July 2023 by the Russian government. After this, Baltika, through a Russian court, obtained a ban on the termination of its rights to the Seth & Riley's Garage, Holsten, Kronenbourg and Tuborg brands. Previously, the Carlsberg Group unilaterally refused to license these brands in Russia. Carlsberg's new CEO, Jacob Aarup-Andersen, who took office in September, said Russia had stolen the Danish company's business. In December 2023, the appointed CEO of Baltika, Taimuraz Bolloyev, proposed nationalizing it.

In December 2024, Carlsberg Group announced a management buyout of Baltika Breweries by "a company owned equally by two longstanding Baltika employees." Carlsberg CEO Jacob Aarup-Andersen said the deal ended "numerous lawsuits and IP rights issues related to Baltika Breweries." The brewery also confirmed that as of 2 December 2024, the management which had been put in place by the Russian state would leave.

The production capacity of Baltika enterprises is more than 52 million decaliter of beer per month; in total the company owns more than 30 beer and 9 non-beer brands. Sales are carried out in 98% of retail outlets in Russia. Baltika's products in 2012, according to its own data, are represented in more than 75 countries around the world, including Western Europe, North America and the countries of the Asia-Pacific region. In total sales outside the CIS countries accounted for less than 1% of the total volume of beer produced by the company in 2007. In May 2018 Baltika began shipping a batch of beer to Honduras, with a volume of 15 thousand liters.