Handel: Russland stellt Vermögenswerte Metros unter staatliche Verwaltung

Düsseldorf - Russian President Vladimir Putin has placed the Russian business of Metro AG under state management, the Kremlin announced in Moscow. As a result, the Russian management company Torg RUS temporarily manages 100 percent of Metro's assets in Russia. In the same month, Putin had taken food manufacturer Nestlé and French wholesale chain Auchan under external management.

The company confirmed it no longer has operational control over Metro Russia. Since the Russian invasion of Ukraine, Metro has taken various measures to reduce connections between Metro and Metro Russia. The extent of the decree's impact on Metro AG is currently being analyzed by the retailer. Metro is one of the few retailers that has retained its business in Russia despite the Russian attack.

In 2023, the company said it was a difficult balancing act, with the need to consider its 10,000 employees on the ground and its customers who rely on Metro Russia for their groceries. The decision was also in the company's interest for the preservation of its value for its shareholders, the statement added.