Nestle evaluates options after Putin’s decree on transferring Russian assets

Swiss Nestle said on Friday from Zurich that it is evaluating possible options after Russian President Vladimir Putin’s decree to transfer the company’s Russian assets into temporary administration.

Nestle is a Swiss manufacturer of packaged food products. The company said it intends to take all necessary measures to protect its rights.

Nestle also said it will seek continuity of operations in the interests of all stakeholders, above all employees. The company’s statement referred to its Russian business.

On Thursday, Putin signed a decree that placed Nestle’s Russian assets under the management of L. E. V. Management. The same list also included the assets of French retailer Auchan, FM Logistics, Bati Logistics, and LLC “Le Monlid”, formerly known as Leroy Merlin.

The original Reuters report was published in English.

Sources

• Material: ru.themoscowtimes.com