Russia's Federal Antimonopoly Service granted the applications of Yug Rusi LLC (Rostov-on-Don) for the purchase of two companies, the regulatory body informed.
In particular, the competition authority granted the application for the prior consent to acquire a 100% equity stake in Chernyansky vegetable oil production plant LLC (Belgorod region) and the application for the prior consent to acquire a 97.35% stake in and OJSC Valuiskiy vegetable oils plant (Belgorod region).
Yug Rusi LLC is principally engaged in investments in property assets and securities.
The core business of Chernyansky vegetable oil production plant LLC is the production of non-refined vegetable oils.
The core business of OJSC Valuiskiy vegetable oils plant is the production of refined vegetable oils and fats.