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Putin takes control of Nestlé

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Vladimir Putin makes a new law. He puts 2 firms from Nestlé under Russian rule. These firms are Nestlé Russia and Nestlé Kuban. A Russian firm manages these shares now.

Nestlé stays the owner of the firms officially. But Nestlé can not decide alone right now. Nestlé has 6 factories for food in Russia. The firm makes coffee and sweet food there.

The group wants to stay in Russia. Nestlé wants to feed the people there. Russia makes strict rules for foreign firms. The state wants more power over these firms.

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Definitions

Group
A group is a big company with many smaller parts.
Rule
Rule means that the state takes control of a firm.
Owner
An owner is someone who legally owns something.

People

Vladimir Putin
Vladimir Putin is the president of Russia.

Locations

Russia
Russia is a very big country in Europe and Asia.

Sources

Logo Standard
Standard

Putin stellt russische Nestlé-Beteiligungen unter Fremdverwaltung

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Logo ORF
ORF

Putin stellt Nestle-Russland unter Staatsverwaltung

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Logo Kurier
Kurier

Nestlé-Firmen in Russland unter Zwangsverwaltung

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Logo Spiegel
Spiegel

Putin stellt Nestlé in Russland unter Zwangsverwaltung

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