Italy's Ariston says Putin has given back its Russian unit

Italy's Ariston says Putin has given back its Russian unit

Italian water heating firm Ariston Holding said on Wednesday it had returned into possession of its Russian unit after President Vladimir Putin annulled last year's decision to seize it.

The Italian manufacturer of household appliances Ariston has announced its return to the Russian market.

Putin Returns Russian Unit to Ariston After Lobbying From Italy

Russian President Vladimir Putin signed an order to cancel the temporary management of Ariston Holding NV’s local unit following lobbying by the government in Italy.

On March 26, Vladimir Putin canceled the decree transferring a Russian legal entity to the interim management of Gazprom Household Systems...

Putin Cancels Nationalization of Italy’s Ariston’s Russian Unit

President Vladimir Putin on Wednesday reversed the temporary nationalization of Italian appliance maker Ariston's Russian unit, whose seizure a year ago led to angry recriminations between the two countries.

Full control of Ariston Thermo Rus returns to Ariston

The Russian Federation has returned to Ariston Holding N.V. the ownership and full management of the shares of its Russian subsidiary, Ariston Thermo Rus LLC, the March-based white goods group said in a note Wednesday. (BEND)