The Moscow Basmanny Court extended the seizure of the property of the Roshen factory in Lipetsk until September 13, 2017, as reported by Roshen’s the press office.
“The cost of the seized property is many times higher than the amount of damages allegedly caused according to our lawyers. Nevertheless, Judge Lenskaya consciously ignored the Resolution of the Plenum of the Supreme Court of the Russian Federation dated June 1, 2017 No. 19. Let's see what the Moscow City Court will say when examining our appeal,” Oleg Kazakov, the CEO of Roshen stated when commenting on this judgment.
The property of the Roshen factory in Lipetsk has been subject to seizures due to tax claims since April 2015. As a result, the ICU investment group, which has a mandate to sell the Russian assets of Roshen, cannot find a buyer. In January 2016, Vyacheslav Moskalevsky, the CEO and minority shareholder of Roshen said that the company was offered for sale. In January 2017, the operation of the factory was suspended.