Economy
Putin transfers Nestle assets in Russia to temporary management
Russian President Vladimir Putin signed a decree on the transfer of Nestlé Kuban and Nestlé Russia to the temporary management of L.E.V. Management.
Published
Russian President Vladimir Putin signed a decree on the transfer of Nestlé Kuban and Nestlé Russia to the temporary management of L.E.V. Management.
67.44% of the shares of Nestlé Kuban, owned by Societe des Produits Nestle S.A., and 32.56% of the shares of Nestle Deutschland AG, were transferred to temporary management. Nestlé Russia owns 84.082% of Societe des Produits Nestle S.A. and 15.918% of Nestle Deutschland AG.
By the same decree, the president transferred the assets of the former Leroy Merlin and the Russian subsidiary Auchan to temporary management.
