National Capital
Fri, Oct 09, 2026, 07:26
Is Putin Nationalizing Foreign Assets? Nestle, Auchan, Leroy Merlin, and FM Logistic — Under Temporary Administration
2026/09/20, 20:55
Putin has taken Nestle, Auchan, FM Logistic, and “Lemana Pro”! The assets have been transferred to temporary administration, and the next stage could be a sale—the total value is at least 600 billion rubles.
The “Kommersant” Telegram channel reports that Russian President Vladimir Putin has transferred the assets of a number of major foreign companies—Nestle, FM Logistic, Auchan, and Lemana Pro (formerly Leroy Merlin)—to temporary administration. As the channel notes, the next step could be their sale, and the total value of these entities is estimated at no less than 600 billion rubles.
Lemana Pro, Kommersant writes, explained that the company does not yet have official information from state authorities and continues operating as usual. Is this nationalization Russian-style or a cunning scheme?
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