Putin introduced temporary management in the Russian subsidiaries of Danone and Baltika
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Russian President Vladimir Putin signed a decree according to which the shares of Danone and Baltika owned by foreign companies are transferred to the temporary administration of the Federal Property Management Agency. Document published on the official Internet portal of legal information.
The decree specifies that 83,292,493 thousand ordinary shares of Danone Russia owned by Produits Laitiers Frais Est Europe and 85 thousand shares of Danone Trade are transferred under the management of the Federal Property Management Agency.
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