Federal Antimonopoly Service granted the application of Independent Petroleum Company (Limassol, Cyprus) for the right to direct the business of Independent Petroleum Company LLC, the regulatory body informed.
The transaction applied for will not restrict competition, the competition authority points out.
Independent Petroleum Company is acting as a holding and investment company.
JSC Independent Petroleum Company (IPC) was founded by E. Khudainatov in 2013. The company owns a number of assets in Saratov region and Krasnoyarsk Krai.
It will be recalled that in April 2014, IPC and Alliance group signed an agreement to set up a joint venture to which Alliance Group will contribute Alliance Oil, IPC its assets in Saratov region and the Taimyr peninsula. Alliance Group will have 60%, IPC 40% of the joint venture.