Russia: President transfers Ariston & Bosch subsidiaries to Gazprom entity for temporary management
Ariston and Bosch Russian subsidiaries transferred to Gazprom entity for temporary management, 26 April 2024
The Russian subsidiaries of Ariston and Bosch, respectively, have been transferred to the temporary management of JSC Gazprom Household Systems of the Gazprom group.
The government has posted the corresponding presidential decree No. 294, dated April 26, 2024, on the official internet portal of legal information.
This specifically entails 100% in Ariston Thermo Rus LLC, owned by Ariston Holding N.V., and BSH Household Appliances LLC, owned by BSH Hausgerate GmbH.