Russia's Federal Antimonopoly Service permitted Bashkirskaya Med LLC to acquire 100% of the shares in OJSC Khaibullinskaya Mining Company, the regulatory body informed.
The transaction applied for will not restrict competition, the competition authority points out.
The core business of Khaibullinskaya Mining Company (Akyar, Republic of Bashkortostan) is the provision of consulting services in the field of geology and production management.
Bashkirskaya Med LLC (Bashmed, located in Sibay, Republic of Bashkortostan) established on June 14, 2005 is engaged in mining and concentration operations. The company's main objectives are the extraction and processing of copper ore. Bashmed performs drilling / blasting, construction and installation operations at Yubileynoe, the second most important copper deposit in the Russian Federation located in Khaibullinsky district of the Republic of Bashkortostan.