Nestlé reviews options for Russian assets
Swiss company Nestlé has announced that it is reviewing its options following a decree issued by the Kremlin, which transfers its assets in Russia to a temporary external management. This move comes as part of Russia's steps to take control of foreign companies' properties in the country, especially amid increasing pressure on Western firms operating in Russia since the outbreak of the war in Ukraine. The company is focusing on protecting its rights and ensuring the continuity of its operations, amid a 2.2% decline in its stock. Moscow is also expected to transfer the assets of other companies, such as Osha and Limana Pro, to shell companies, as discussions about imposing external management on foreign businesses in Russia continue.
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