The foreign assets of the Danone subsidiary were removed from the temporary management of the Federal Property Management Agency. The corresponding decree was signed by Vladimir Putin. Previously, by his own decree, the president transferred these shares to the management of the Federal Property Management Agency.
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Vladimir Putin signed a decree on the withdrawal of the Federal Property Management Agency’s temporary control of foreign assets in the Russian subsidiary of Danone. The document was published on the legal acts portal.
The presidential decree was published on March 13 and came into force on the date of its official publication.
In July 2023, Putin signed a decree on the transfer to the temporary management of the Federal Property Management Agency of the shares of foreign companies in the Russian subsidiary of Danone. These are 83 billion shares of Danone Russia owned by Produits Laitiers Frais Est Europe and 85 thousand shares of Danone Trade.
Shortly after the signing of the decree, “Danone Russia” and “Danone Trade” were headed by Ramzan Kadyrov’s nephew, the Minister of Agriculture of Chechnya, Yakub (Ibrahim) Zakriev.
Later it became known that Danone plans to sell Russian assets to the Tatarstan company Vamin for 17.7 billion rubles.
Author:
Kirill Bilyk
Source: RB
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