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05/03/2014
18:22
M&A: FAS Russia grants application of Primorsk Sea Oil Terminal

Russia's Federal Antimonopoly Service permitted Primorsk Sea Oil Terminal, Ltd to take ownership of the fixed production assets of BalttransService LLC, the regulatory body informed.

The transaction applied for will not restrict competition, the competition authority points out.

It will be recalled that in December 2013, Russia's competition authority granted the application of Primorsk Sea Oil Terminal, Ltd for the purchase of a 100% equity stake in BalttransService LLC.

Primorsk Sea Oil Terminal, Ltd (Primorsk, Leningrad region) provides cargo handling services.

BalttransService LLC (Krasny Bor settlement, Leningrad region) is principally engaged in the storage and warehousing of oil and petroleum products.


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