Metro’s Russian assets placed under temporary management
Metro continues its operations in Russia without disruptions
MOSCOW, September 28. /TASS/. Russian assets of the German retailer Metro have been transferred to temporary management by Torg Rus company, with the relevant decree signed by President Vladimir Putin.
100% participation interests in Metro Warehouse Noginsk held by Metro Cash & Carry Russia B. V. were placed under the temporary management. Furthermore, Torg Rus will also temporarily manage Retail Property 5 company owned by Metro Retail Real Estate GmbH.
Metro continues its operations in Russia without disruptions, the company’s press service told TASS.
"The company continues to operate as usual, all the operating processes remain unchanged," Metro’s spokespersons said. The retailer continues honoring its obligations towards suppliers, customers and employees in the business-as-usual regime, they added.