Global Trade Alert
Global Trade Alert

Russia: Adeo Group conducts divestment from the Russian market with the government authorisation

Announcement

04 Dec 2023

In December 2023, the Russian media reported that Adeo, the owner of the Leroy Merlin chain, sold its 99,993% share in Leroy Merlin Vostok LLC. Such transactions by companies from the "unfriendly" states require the approval of the Russian government. 

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

04 Dec 2023

Revocation date:

No revocation date

Announced: 04 Dec 2023
FDI: Treatment and operations, nes In force
On 4 December 2023, the Russian media reported that Adeo, the owner of the Leroy Merlin chain, sold its 99,993% share in Leroy Merlin Vostok LLC. According to consistent media reports, the new owner o...
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Related State Acts

Announced: 28 Dec 2024

Russia: Vinci SA conducts divestment from the Russian market with the government authorisation

Announced: 05 Dec 2024

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Announced: 24 Apr 2024

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Russia: Danone receives government authorisation for the sale of its Russian business to Vamin R LLC

Announced: 20 Dec 2023

Russia: Bridgestone secures government authorisation for divestment from the Russian market

Announced: 19 Dec 2023

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Russia: Nokian Tyres secures government authorisation for the sale of Russian business

Announced: 08 Feb 2023

Russia: Government authorises VEON's divestment

Announced: 08 Sep 2022

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Announced: 15 Jun 2022

Russia: Kinross Gold secures government authorisation for divestment from the Russian market

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