Putin Transfers Metro Assets to New Russian Firm
Russian President Vladimir Putin signed a decree on September 28 to transfer Russian assets of the German hypermarket chain "Metro Cash & Carry" to temporary management.
Consensus
- Vladimir Putin signed an order on September 28 regarding the transfer of temporary management of Russian assets of 'Metro Cash & Carry'.
- The temporary management is assigned to a company named 'UK Torg RUS'.
- The company 'UK Torg RUS' was registered on September 6, 2026.
- Johannes Tollay is the general director and sole employee of 'UK Torg RUS'.
- Johannes Tollay is a German citizen.
- Tollay previously served as general director of 'Metro Russia' since 2023.
- The 'Metro Cash & Carry' network operates 91 hypermarkets in Russia.
- The Russian subsidiary of Metro AG has annual revenue exceeding one billion euros.
- Metro AG has not exited Russia since the start of the full-scale war with Ukraine, citing responsibility for 10,000 employees and customers.
Points of divergence
- The authorized capital of 'UK Torg RUS' is 10,000 rubles. — tg_radiosvoboda
- The company 'Torg Rus' was registered two weeks prior to the announcement, on September 8, 2026. — tg_govorit_nemoskva
- The company 'Torg Rus' is described as having 'head office activities' as its main direction. — tg_govorit_nemoskva
- The company 'Torg Rus' has no reported revenue, profit, or profitability data. — tg_govorit_nemoskva
- Putin previously transferred assets of 'Nestle', 'Auchan', and 'Leroy Merlin' to a one-day company led by General-Major Andrey Krayushkin. — tg_govorit_nemoskva
- The same decree also allowed 'Softex' to acquire the Russian subsidiary of Western Union and classified export data and production volumes at oil refineries. — tg_govorit_nemoskva
Coverage (2 sources)
- President of Russia Vladimir Putin signed on September 28 a decree on transferring Russian assets of the German supermarket chain 'Metro Cash & Carry' to temporary management — Радио Свобода
- Putin transferred Russian assets of METRO Cash and Carry to temporary management of the company, which was created two weeks... — Говорит НеМосква
Key entities
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