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News ServiceForexMarket AnalysisProducts and Services
07/03/2014
14:36
M&A: FAS Russia grants application of Kolymanefteprodukt

Russia's Federal Antimonopoly Service granted the application of Kolymanefteprodukt LLC for the purchase of 76.62% of the voting shares in OJSC Berelekh Mining Company, the regulatory body informed.

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

It will be recalled that in 2013, Susumanzoloto purchased 76.62% of the shares in Berelekh Mining Company from the Petropavlovsk Plc group for $25 million.

Berelekh Mining Company (Magadan) is a gold and silver producer. Its total 2012 annual production was 52,500 oz

Kolymanefteprodukt LLC is principally engaged in the wholesale trade in motor fuels.



"AK&M", 07.03.2014

 

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