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Russia puts some Akzo Nobel assets into temporary administration (updated)

UPDATE 1-Russia puts some Akzo Nobel assets into temporary administration

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- Russia has placed some Akzo Nobel AKZO.AS assets in Russia into temporary administration, a decree by Russian President Vladimir Putin published on Monday said.

Russian news agency Interfax reported that the assets had been placed in the hands of Razvitiye Stroitelnykh Aktivov, a company which was handed four factories belonging to Danish insulation materials manufacturer Rockwool in January.


(Reporting by Reuters, Writing by Felix Light; Editing by Kirsten Donovan)

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