Home » World » Putin approved the deal with RusElCo, which was owned by a French company that left the Russian Federation

Putin approved the deal with RusElCo, which was owned by a French company that left the Russian Federation

Putin agreed to the deal to acquire all shares of the Russian Elevator Company

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100 percent of the shares were acquired from the French company Louis Dreyfus Photo:

All shares of the Russian Elevator Company limited company owned by the French company Louis Dreyfus can be acquired. Permission was granted by Russian President Vladimir Putin, who signed a corresponding decree.

“According to paragraph 5 of the Decree of the President of the Russian Federation… “On the implementation of special economic measures in the financial and fuel energy sectors in connection with the unfriendly actions of some foreign states and international organizations national” to allow trade to acquire 100% of shares in the authorized capital [ООО] “Russian Elevator Company”, owned by RUSELCO LLP,” the order says. Putin signed the document on November 28.

In April 2023, the French company Louis Dreyfus, known as a world trade leader, announced the cessation of grain exports from Russia. The company RusElCo LLC was established in August 2004 through the joint efforts of Agros and Sungrain Holding, which is part of the global holding of Louis Dreyfus. RusElCo manages one of the largest elevator networks in Russia, which includes facilities in the Stavropol Territory, Voronezh, Rostov and Volgograd regions.

Before that, Putin agreed to a deal to buy 100% of Highland Gold’s shares. Previously, the president authorized the acquisition of all assets from the mining company Polymetal, which was sold to the gold mining company Mangezei Mining.

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Putin approved the deal with RusElCo, which was owned by a French company that left the Russian Federation

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All shares of the Russian Elevator Company limited company owned by the French company Louis Dreyfus can be acquired. Permission was granted by the President of Russia Vladimir Putin, who signed a corresponding decree. “According to paragraph 5 of the Decree of the President of the Russian Federation… “On the implementation of special economic measures in the financial and fuel energy sectors in connection with the unfriendly actions of some foreign states and international organizations national” to allow trade to acquire 100% of shares in the authorized capital [ООО] “Russian Elevator Company”, owned by RUSELCO LLP,” the order says. Putin signed the document on November 28. In April 2023, the French company Louis Dreyfus, known as the world leader in trade, announced that the export of grain from Russia was stopped. The company RusElCo LLC was established in August 2004 through the joint efforts of Agros and Sungrain Holding, which is part of the global holding of Louis Dreyfus. RusElCo manages one of the largest elevator networks in Russia, which includes facilities in the Stavropol Territory, Voronezh, Rostov and Volgograd regions. Before that, Putin agreed to a deal to buy 100% of Highland Gold’s shares. Previously, the president authorized the acquisition of all assets from the mining company Polymetal, which was sold to the gold mining company Mangezei Mining.

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2024-11-28 19:29:00

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