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Putin Orders Transfer of Auchan, Nestle Assets to Russian Management

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Russian President Vladimir Putin has signed a decree transferring the assets of French retailer Auchan and Swiss food corporation Nestle in Russia to the temporary management of a company called 'L.E.V. Management'. The move comes as part of Russia's response to Western sanctions and is seen as a retaliation against 'unfriendly' countries. Both companies have stated they are assessing the situation and planning steps to protect their rights.

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193 Sources

  1. IZ.RU avatar

    IZ.RU

    Telegram / @izvestia

    Российская "дочка" Auchan передана во временное управление компании "Л...

  2. Ateo Breaking avatar

    Ateo Breaking

    Telegram / @Ateobreaking

    Российская «дочка» Ашан передана во временное управление компании «Л.Е...

  3. TASS avatar

    TASS

    RSS / @tass.ru/rss/all.xml

    Активы Nestle в РФ передали во временное управление "Л.Е.В. Менеджмент...

  4. interfax avatar

    interfax

    RSS / @interfax.ru/rss

    Активы Auchan и Nestle в России переданы во временное управление Росси...

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