politics
Vladimir Putin removed assets of canned food producer Glavprodukt from temporary state management. The company was nationalized almost a year ago
Putin canceled the transfer of assets of the Glavprodukt holding, one of Russia's largest canned food producers, to the temporary management of Rosimushchestvo. This decision was made almost a year after the company was nationalized by court order, and effectively puts an end to the story of its seizure from the American owner.
TL;DR
- Putin has canceled the transfer of Glavproduct's assets to temporary state management.
- Glavproduct, a large Russian canned food producer, was nationalized almost a year ago.
- The company's seizure from its American owner is now effectively concluded.
- The presidential decree removes Glavproduct and other associated companies from external management.
- This could lead to a permanent state transfer and possible future sale of the holding.
- Glavprodukt's management company was changed earlier this year to a structure of Rosselkhozbank.