Italy's Ariston says it wasn't notified of transfer of Russian assets

Ariston Holding

27/04/2024 15:38

April 27 (Reuters) - Italian water heating company
Ariston  ARIS.MI  said on Saturday it was not notified
beforehand of a decree published on Friday in which Russian
President Vladimir Putin placed the company's Russian subsidiary
under the temporary management of a Gazprom entity.
    Putin placed the Russian subsidiary of Ariston and German
appliance maker BSH Hausgeraete under JSC Gazprom Household
Systems, which will act as a temporary manager for the two
businesses.
    Ariston said it was "extremely surprised by this initiative"
and is assessing the implications of this decree from a
governance and managerial standpoint.

 (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Hugh
Lawson)
 ((rishabh.jaiswal@thomsonreuters.com;))