Acquiring Company
AO L.E.V. Menedzhment
Acquired Company
Nestlé
Description
The Russian government has placed the local operations of Nestlé under temporary management by AO L.E.V. Menedzhment. This action is seen as part of a broader trend of seizing foreign corporate assets. Nestlé has expressed its intention to protect its rights and ensure continuity for its employees amidst these developments.
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Based on deal dataFrequently asked
Who acquired Nestlé?
Nestlé was acquired by AO L.E.V. Menedzhment, based in Moscow. The deal was reported on September 18, 2026. AO L.E.V. Menedzhment is a company registered in Moscow introduced to manage stakes of foreign businesses. It was created in 2024 and has a very limited public profile. AO L.E.V. Menedzhment is privately held.
When did AO L.E.V. Menedzhment acquire Nestlé?
AO L.E.V. Menedzhment's acquisition of Nestlé was reported on September 18, 2026. The Russian government has placed the local operations of Nestlé under temporary management by AO L.E.V. Menedzhment. This action is seen as part of a broader trend of seizing foreign corporate assets. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Nestlé do?
KitKat is a popular chocolate brand owned by Nestlé, known for its iconic wafer bars covered in chocolate. It is privately held, operating in Food and Beverage, and is based in Vaud.
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