Nestlé weighs options as Moscow places its Russian assets under external administration
Nestlé is assessing its options after Russia placed its Russian assets under temporary external administration, a move that could shift control to Kremlin-friendly investors and affect other Western assets like Auchan and Leroy Merlin units. The company said it would protect its rights and ensure continuity for employees, with no final decisions yet, while noting a ~2% drop in its shares following the decree tied to Russia’s 2023 framework for unfriendly countries.