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Nestlé said it is assessing the situation and its options after a Russian presidential decree placed its local subsidiary, Nestlé Russia, under temporary external administration.
Nestlé said Russia’s presidential decree, published Thursday, places Nestlé Russia under temporary external administration, and the company is updating on its operations there.
Sept 18 (Reuters) — NESTLE SA: Takes Note Of Russia's Presidential Decree, Published Yesterday, That Places Nestlé Russia Under Temporary External Administration Committed To Taking All Necessary Steps To Protect Its Rights And Ensure Continuity Of Business Operations Further company coverage: NESN.S (Gdansk Newsroom)
Nestlé is assessing options after a Russian presidential decree put its Russia unit under temporary external administration. The move raises business continuity risk for local operations, with the group prioritizing protections for its rights and employees. Disclaimer: This news brief was created by Public Technologies
Nestlé said it is noting Russia’s presidential decree putting Nestlé Russia under temporary external administration and is assessing its options.