In short: Putin transfers the assets of some foreign companies to temporary management

The Russian assets of Ontex, the owner of the Helen Harper diaper brand, as well as the assets of three foreign packaging companies were also placed under temporary administration.

Moscow, October 16. /TASS/. Russian President Vladimir Putin signed a decree placing the assets of flooring manufacturer Tarket under the temporary management of Capital Center Management LLC.

The Russian assets of Ontex, the owner of the Helen Harper diaper brand, as well as the assets of three foreign packaging companies, were also placed under temporary administration.

TASS has collected the main facts about this decision.

Putin has signed a decree placing the assets of flooring manufacturer Tarket under the temporary management of Capital Center Management LLC.

According to this document, 100% of the shares in the authorized capital of Tarkett Sommer LLC belonging to Tarkett JSC were placed under temporary management.

Tarket is an international company and one of the largest flooring manufacturers in the world.

The President's order also placed the Russian assets of Ontex, the company that owns Helen Harper's diaper brand, under the temporary management of the management company Center Capital LLC.

According to this document, 100% of the shares in the authorized capital of Ontex RU LLC held by Ontex were placed under temporary management.

Ontex is a leading international manufacturer of personal hygiene products for babies and women, as well as hygiene products for the management of adult incontinence.

Helen Harper is one of the brands under which this company sells its products.

Transfer of assets of three packaging companies

In addition, the presidential decree placed the assets of three foreign packaging companies under the temporary management of Capital Center Management LLC.

It belongs to the German company Georg Menshen GmbH & Co. KG, Dutch Sonoco Packaging Netherlands Investments B.V. and refers to Sverige International Holdings AB.

According to this document, 12,565 shares in Kappa Rus JSC belong to Sverige International Holdings AB, 99.71% of the shares and 0.29% of the shares in the authorized capital of Menshen Packaging CIS LLC belong to Georg Menshen GmbH & Co. KG, and 100% shares in Kubannoscoys Packaging are allowed. Netherlands Investments B.V. was placed under temporary administration.

All companies are major global manufacturers in the packaging sector.