Conti Group

History

2023: Nationalization of Conti-Rus

In early November 2023, the Leninsky District Court of Kursk decided to issue RUSSIAN FEDERATION shares of Konti-Rus JSC (a legal entity of a local confectionery factory; included in the Ukrainian group "Conti") and 100% shares in the authorized capital of LLC Confectionery Center "Merletto ', LLC Merletto Capital and LLC Candimax.

According to RBC, the court decided on the claim of the Prosecutor General's Office against ten individuals, eight of whom have foreign citizenship, and six organizations, including Candimax and Merletto Capital. Conti-Rus and CC Merletto are declared as interested parties. The Prosecutor General's Office asked to recognize the activities of eight defendants as extremist and prohibit it, and transfer the organizations under their control to federal ownership. According to the supervisory authority, the defendants "discredit the Russian Armed Forces, and also actively act to financially support" the Ukrainian forces.

Shares of "Conti-Rus" became the property of the Russian Federation

The prosecutor's office estimated the value of Konti-Rus assets at at least 10 billion rubles, and the revenue at more than 15 billion rubles, Kommersant noted. The prosecutor's office called the purpose of the lawsuit "not only the ban on extremist association on the territory of the Russian Federation, but also the real suppression of activities by eliminating the sources through which the material base of members of the illegal group is formed."

As Kommersant reminds, by the beginning of November 2023, the Konti confectionery factory is one of the largest food industry enterprises in the Kursk region and regularly invests in the development of production capacities. The owner of the Konti group, which managed the Kursk confectionery factory, was considered the former Deputy Prime Minister - Minister of Infrastructure of Ukraine under President Viktor Yanukovych Boris Kolesnikov.^[1]

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