Caterpillar's Russian assets transferred to firm owned by Armenian fund

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Caterpillar News

Russian Company Filings,Vladimir Putin,Caterpillar Financial

Caterpillar Inc suspended operations in its manufacturing facilities in Russia in 2022, joining a number of foreign companies that halted business in the...

- U.S. machinery maker Caterpillar 's former Russian assets have been transferred to a company owned by Armenian investment fund Balchug Capital , Russian company filings showed.

Balchug Capital and Caterpillar, which makes machinery for the construction, mining and oil and gas industries, did not immediately reply to a request for comment.Putin's decree specified that PSK-New Solutions could buy 100% of the charter capital in Caterpillar Tosno and Caterpillar Financial as a response to Western sanctions.PSK-New Solutions was registered in August 2022, according to Interfax news agency's Spark database.

Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash. "We all knew something was going on with him and another employee. Months later, he wouldn't give me three days off because my niece died of SIDS. So I walked out, bought a $30 burner phone, and texted his wife his phone password. They got divorced."This gold stock has seen shares rise 15% in the last year. But it's more than just the price of gold lending a hand to this rising share price.

Retiring to Florida has been the dream for generations of Americans, thanks to the state's beautiful beaches, tropical weather, cultural diversity and endless variations of unique regional cultures..."The cart is in front of the horse as it relates to GenAI software, there's just no applications," Baird's Ted Mortonson told Business Insider.

Source: News Formal (newsformal.com)

Russian Company Filings Vladimir Putin Caterpillar Financial Balchug Capital Company Filings Investment Fund

 

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