Russian President Vladimir Putin signed a decree according to which PSK – New Solutions LLC received the right to purchase the Russian assets of the American company Caterpillar. The relevant document has been officially published portal legal information.
As stated in the text of the mandate, the company can now enter into transactions to acquire a 100% stake in the authorized capital of Caterpillar Tosno and Caterpillar Financial. We are specifically talking about a factory in the Leningrad region.
“To transact <…> The document states that there is no need to obtain other permits, decisions or approvals provided for by the legislation of the Russian Federation.
The American company Caterpillar is one of the world’s largest manufacturers of construction and mining equipment. Its products include diesel engines, power plants and earthmoving equipment.
In March 2022, the company management made a decision suspend Operation of its enterprises in the Russian Federation. According to the official statement, this measure was associated with the introduction of anti-Russian sanctions and disruptions in supply chains.
Previously Swedish developer Bonava Finally Left the Russian market.