Contents tagged with Lipetsk

  • Russia extends arrest of Roshen's assets

    The Basmanny District Court of Moscow extended the arrest of immovable property and land of the Roshen confectionary factory in Lipetsk for three months. As a result, all money on the factory’s accounts for salaries of remaining personnel, were withdrawn to pay taxes, fines and penalties, the factory’s press service stated. 

    "In fact, before the Arbitration Courts could took any decisions on the case, [Russian] tax authorities, using unsubstantiated judicial decisions on cancelation of interim …

  • Roshen will not agree to sell its Russian factory for less than $200 million

    Vyacheslav Moskalevsky, general director and minority shareholder of Roshen corporation, said he would not agree to sell the Lipetsk factory in Russia for less than $ 200 million. At the same time, the top manager realizes that no one will pay such a price for the asset, but prefers to let the factory "rot" than sell it for less. asked at how much Moskalevsky would value the Lipetsk factory now, given that two years ago he valued it at $ 200 million.

    "I am not putting forward a price. …