Russia's Federal Antimonopoly Service has extended the consideration period for the application of Flexbrook Ltd for the right to direct the business of Zurich Interholding LLC and Zurich Insurance Co. LLC, the regulatory body informed.
After due consideration, the competition authority established that the transaction applied for could restrict market competition. Interested persons may submit information on the influence of the deal applied for on the competition to the antimonopoly body.
Flexbrook Ltd (Limassol, Cyprus) is principally engaged in financing and investment activities.
Zurich Interholding (Moscow) specializes in capital investment and asset management activities.
Zurich Insurance Company LLC (Moscow) provides insurance services.