Russian President Vladimir Putin has transferred the Russian business of Ariston and Bosch to Gazprom. This is reported by the Russian service of the BBC, reports UNN.
Details
According to rossmedia, Putin has transferred 100% of the shares of BSH Hausgerate and Ariston subsidiaries to the temporary management of one of Gazprom's structures, Gazprom Domestic Systems.
BSH Hausgerate is the largest manufacturer of home appliances, BSH is an acronym for Bosch and Siemens.
Ariston is also one of the world's most popular appliance brands.
Context
Putin started nationalizing the business of Europeans a long time ago. Previously, the president of the terrorist country had put the Russian business of international companies under the temporary management of Rosimushchestvo.
He was the first to hand over the Russian businesses of Danone and the Danish brewing company Carlsberg to Rosimushchestvo in July last year. They began a kind of nationalization of Russian assets of international companies that were unable to sell their businesses after the war in Ukraine began.
In March this year, the Kremlin midget canceled the transfer of Danone's assets to Rosimushchestvo. Danone was the first company that managed to get out from under the management of Rosimushchestvo.
The media reported that they may be bought by Vamina company from Tatarstan. According to the Financial Times, Vamin's management sent a letter to the Russian Ministry of Agriculture in February and was ready to pay more than 17 billion rubles (about $191.5 million) to gain control of the Russian business. However, Ivan Fedyakov, head of the INFOLine group of companies, told the BBC that it was hard to call it a business sale of a deal where such an insignificant sum is involved. "Danone should not be worth 17 billion rubles, but 150 billion," Fedyakov noted.
However, in July, Ramzan Kadyrov's nephew, Chechen Deputy Prime Minister and Minister of Agriculture Yakub Zakriev, became CEO of Danone Russia.
France's Danone wrote off more than 200 million euros due to loss of assets in russia.
In his decree, Putin did not explain in any way why Danone's assets were excluded from the list of those transferred to the temporary management of Rosimushchestvo and transferred to Kadyrov's relative.