-+ 0.00%
-+ 0.00%
-+ 0.00%
According to Agence France-Presse on September 28, the Russian authorities took over the Russian assets of German retailer Metro on the 28th. This is the latest in a series of commercial takeover actions involving Russian aid to Ukraine. The report said that Russian President Vladimir Putin signed an order announcing that METRO's business in Russia has been handed over to a Russian company for “temporary management.” Earlier this month, Russia took over the business and assets of Swiss food giant Nestle and French retailer Auchan in Russia. Metro said in a statement that in theory it still has ownership but no longer “has operational control over the Russian subsidiary” and is analyzing what the decision means for the company. The company said that in the 2024/2025 fiscal year, its sales in Russia reached 2.6 billion euros.
Share
Listen to the news
According to Agence France-Presse on September 28, the Russian authorities took over the Russian assets of German retailer Metro on the 28th. This is the latest in a series of commercial takeover actions involving Russian aid to Ukraine. The report said that Russian President Vladimir Putin signed an order announcing that METRO's business in Russia has been handed over to a Russian company for “temporary management.” Earlier this month, Russia took over the business and assets of Swiss food giant Nestle and French retailer Auchan in Russia. Metro said in a statement that in theory it still has ownership but no longer “has operational control over the Russian subsidiary” and is analyzing what the decision means for the company. The company said that in the 2024/2025 fiscal year, its sales in Russia reached 2.6 billion euros.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending