By Giulia Petroni 
 

Danone SA said Sunday that it will suspend all investment projects in Russia following the invasion of Ukraine.

The French food company said it is currently maintaining production and distribution of dairy products and infant nutrition in the country in order to meet the population's essential-food needs.

In Ukraine, Danone said one of its two factories has closed, while the other one has managed to resume operations.

"We continue to monitor and assess, in real time, how the situation evolves and will, of course, apply the decisions of the French authorities with whom we remain closely coordinated," it said.

At 0939 GMT, shares trade 3.1% lower at EUR47.63.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

March 07, 2022 05:02 ET (10:02 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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