Putin transfers local Russian units of Italy's Ariston and Germany's BSH Hausgeraete to Russian management

Ariston Holding

26/04/2024 16:47

MOSCOW, April 26 (Reuters) - President Vladimir Putin
has placed the Russian subsidiaries of Italian water heating
company Ariston and Germany appliance maker BSH Hausgeraete
under the temporary management of a Gazprom entity, according to
a decree published on Friday.
    JSC Gazprom Household Systems will act as a temporary
manager for the two businesses.
    Russia has placed the assets of a handful of Western
companies under "temporary management" since the start of the
war in Ukraine, justifying such moves as retaliation for actions
by other countries against Russian businesses.    

 (Reporting by Reuters; Editing by Mark Trevelyan)