Shares of Poroshenko’s Confectionery Factory Transferred to Russian State Ownership
Source: The DairyNews
Shares of the Roshen confectionery factory, owned by former Ukrainian President Petro Poroshenko, have been transferred to Russia’s state income following a court decision, Dmitry Aristov, director of the Federal Bailiff Service of Russia (FSSP), informed RIA Novosti.
“The shares of JSC Lipetsk Confectionery Factory Roshen have been transferred to state income,” Aristov stated.
Additionally, Aristov mentioned that shares of PJSC Ural Automobile Textile Plant and JSC Plant of Friction and Heat-resistant Materials, which have been financing the Armed Forces of Ukraine (APU) for several years, were also transferred to state income.
In February, the Lipetsk Roshen factory, owned by Poroshenko and his son, was declared Russian property by a court decision. The Roshen Ukrainian Corporation, one of the world’s largest confectionery manufacturers, decided to halt operations at its Lipetsk factory in April 2017 due to political and economic reasons, leaving the assets valued at $200 million.
Additionally, Aristov mentioned that shares of PJSC Ural Automobile Textile Plant and JSC Plant of Friction and Heat-resistant Materials, which have been financing the Armed Forces of Ukraine (APU) for several years, were also transferred to state income.
In February, the Lipetsk Roshen factory, owned by Poroshenko and his son, was declared Russian property by a court decision. The Roshen Ukrainian Corporation, one of the world’s largest confectionery manufacturers, decided to halt operations at its Lipetsk factory in April 2017 due to political and economic reasons, leaving the assets valued at $200 million.
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