Carlsberg hit by expected tightening of alcohol sales regulations in Russia

Carlsberg (OMX: CARL A, OMX: CARL B) fell to a four month low on Wednesday as investors are expecting that Russian State Duma will approve tighter alcohol regulations. Preliminary agreement to ban sales of drinks containing more than 0.5% of alcohol at night is in place. A ban of the sale of alcohol from kiosks is also being discussed.

Carlsberg has invested heavily into Russia and there will clearly be a slight dent into profits forthcoming should this law pass, but today’s advance of around 1% would seem to suggest that the majority of bad news for the company has already been priced in. Here is Moscow Times’ take on the issue.