Kremlin Seizes Russian Subsidiary of German Retailer Metro
- President Vladimir Putin signed an executive order on Monday that places the Russian subsidiary of German retailer Metro AG under “temporary management” of the state.
- The order hands the shares of Metro Russia to Torg Rus, a management firm that corporate records show was registered earlier this month.
- The current CEO of Metro Russia, Johannes Tholey, is also listed as the CEO of Torg Rus.
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- President Vladimir Putin signed an executive order on Monday that places the Russian subsidiary of German retailer Metro AG under “temporary management” of the state.
- The order hands the shares of Metro Russia to Torg Rus, a management firm that corporate records show was registered earlier this month.
- The current CEO of Metro Russia, Johannes Tholey, is also listed as the CEO of Torg Rus.
Sources: Themoscowtimes