Russia takes control of Tarkett and other firms
It was yours, now it is ours: how are the nationalized companies feeling? Last week, Putin handed over Russian assets of Tarkett, a French global leader in flooring, to temporary management.
Consensus
- Putin transferred Russian assets of Tarkett to temporary management.
- Tarkett is a French global leader in flooring products.
- The new manager is 'Tsentr Kapital', registered in February with a charter capital of 10,000 rubles.
- The owner of 'Tsentr Kapital' served in 'Akhmat' and worked as a bureaucrat.
- The owner stated that acquiring the assets was due to 'the will of the president'.
- The Russian state has seized assets worth nearly 4 trillion rubles.
- 'Vkusno i toche' increased revenue but profit dropped by 15%, with nearly all profit going to dividends.
- 'Baltika' became profitable, but production decreased by 16% and beer prices rose.
- Revenue of 'Rodnye Poly' fell from nearly 300 billion to 2.3 billion rubles over two years, after which the company was sold for a nominal price.
- The share of state ownership in the economy has approached a critical level.
Coverage (3 sources)
- It was yours — it is now ours: how nationalized companies feel — The Insider
- It was yours — it is now ours: how nationalized companies feel — Вёрстка
- It was yours — it is now ours: how nationalized companies feel — Говорит НеМосква