Russia transfers Nestle and three French firms' Russian operations to LEV Management
Russian authorities have transferred the Russian operations of Swiss food group Nestle and three French companies to a firm called LEV Management, according to a decree signed by President Vladimir Putin. The move affects the Russian businesses of Auchan, the former Leroy Merlin chain now known as Lemana Pro, and logistics group FM Logistic. It is the latest state action against Western firms that remained in Russia after the full-scale invasion of Ukraine.The decree was issued late on Thursday, and the transfer covers the residual businesses and assets of the companies named in the order. The supporting material says Moscow... [Continue Reading]
360LiveNews | 18 Sep 2026 10:33 LONDON
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