Russian firm asks Kremlin to place Nestlé units in temporary management

Regulation
โดย Just Drinks·RU·Read original
Summary · why it matters

A Russian logistics business has reportedly asked the country's government to put five Nestlé subsidiaries under the temporary administration of the state. According to Russian business daily Kommersant, KM Logistics has contacted the Kremlin to request the measure, citing Nestlé not expanding its production capacity in Russia, where it has six factories, and not exporting products made in Russia. A Nestlé spokesperson told Just Drinks the Russian government has not contacted the Swiss giant about the request, and that the world's largest food maker continues to operate its offices and factories in Russia, meets regulatory requirements and fulfils its obligations. The report follows the Kremlin's 2023 seizure of Danone's Russian assets under temporary management of government property agency Rosimushchestvo, and its seizure of Carlsberg's stake in Russia's Baltika Breweries the same year.

Impact on stocks 3

Consumer Staples · 3 stocks
Nestle S.A.
NESN
± MixedRegulationrelevance

Nestlé is the subject of a request to place its Russian subsidiaries under state management, but the government has not acted yet.

Carlsberg A/S B
0AI4
▼ NegativeRegulationrelevance

Article mentions Carlsberg's Russian assets were seized in 2023, indicating ongoing regulatory risk.

Danone SA
BN
▼ NegativeRegulationrelevance

Article mentions Danone's Russian assets were seized in 2023, indicating ongoing regulatory risk.