Metro Russia placed under temporary state administration, Metro loses operational control

Bitget2026/09/29 00:01

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Russia placed Metro Russia under temporary state administration with immediate effect under presidential decree No. 302.
Metro AG retains formal ownership, but lost operational control of the unit.
Operational control transferred to UK Torg RUS, a company owned by Metro Russia CEO Johannes Tholey.
Metro is assessing the financial and strategic impact of the move.
Metro Russia operates 91 wholesale stores, employs about 9,000 staff.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Metro AG published the original content used to generate this news brief on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Metro Russia placed under temporary state administration, Metro loses operational control

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