Press Secretary of the Russian President Dmitry Peskov explained the transfer of shares of the Rolf car dealer to the temporary management of the Federal Property Management Agency.
This is the first time that the external management mechanism introduced last spring has been applied to a company whose ultimate owner is citizens of the Russian Federation. Previously, the scheme was used for companies such as Carlsberg, Danone and Amedia.
According to the Kremlin official representative, this is due “solely to economic feasibility” and the current “well-known international economic situation.”
Clarifying why the shares of a Russian company and not a foreign one were put under temporary management, Peskov noted that Rolf is “not a purely Russian company, since “there are various offshore holdings there.” “There are various ownership schemes that required intervention,” added the Kremlin speaker.
Earlier it became known that Russian President Vladimir Putin signed a decree on the transfer of the assets of the Rolf car dealer to the temporary management of the Federal Property Management Agency. The document also states that the department will receive 660.7 million ordinary shares of Rolf, owned by Delance Limited, and 15 thousand 198 ordinary shares of Rolf, owned by Rolf Motors.
Source: Rosbalt
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