Global Trade Alert
Global Trade Alert

Russia: President authorises the purchase of Grundfos Holding's subsidiary by a Russian company

Announcement

05 Feb 2024

In February 2024, the President of Russia authorised the purchase of Grundfos Istra LLC (Grundfos Holding's subsidiary) by Istratech Group LLC, a Russian firm. 

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

05 Feb 2024

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 5 February 2024, the President of Russia signed Decree No. 36-rp, authorising the purchase of 100% of the capital of Grundfos Istra LLC (Grundfos Holding's subsidiary) by Istratech Group LLC, a Rus...

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