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14/07/2014
20:10
M&A: FAS Russia approves merger of two companies

Russia's Federal Antimonopoly Service granted the application of LSR Walling Materials North-West LLC (Leningrad region) for the takeover of Aeroc St. Petersburg LLC (St. Petersburg), the regulatory body informed.

The information and documents accompanying the application meet the requirements of article 32 section 5 of Russia's Competition Law, the regulatory authority commented.

The core business of LSR Walling Materials North-West LLC is the manufacture of bricks, tiles and other construction products from burnt clay. The company is under control of OJSC LSR Group.

Aeroc St. Petersburg LLC is principally engaged in the manufacture of construction materials, units and products.


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