Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/01 20:15   Sochi to host 2017 Winter Military World Games
 
05/01 20:05   Russian rocket to send four British communications satellites into orbit from Guiana in 2018 - source
 
05/01 19:51   Moldova, U.S. to hold joint military exercise on May 3-20
 
05/01 19:40   Donbas shelling stops entirely, Kyiv says
 
05/01 19:28   Russia, China to hold joint computer-based command post missile defense exercise
 
05/01 19:22   ISS orbit could be adjusted on June 8 - source
 
05/01 19:08   Two-thirds of Russians not expecting change in relations with Ukraine under new PM - poll
 
05/01 18:55   Most Georgians favor dialogue with Russia, accession to EU, NATO - poll
 
05/01 18:33   Over 100 Kyrgyz citizens recruited to fight in conflict zones in 2016 - Interior Ministry
 
05/01 18:08   Ecuador extradites suspected drug smuggler to Russia
 




 

Interfax.com  |  Interfax news  |  FAS green-lights AFK Sistema bid to buy 100% of...


News headlines


November 12, 2012 15:08

FAS green-lights AFK Sistema bid to buy 100% of VeroPharm, but with terms (Part 2)

MOSCOW. Nov 12 (Interfax) - Russia's Federal Antimonopoly Service (FAS) has approved AFK Sistema's (RTS: AFKS) request for permission to buy 100% of the stock in pharmaceuticals company OJSC VeroPharm (RTS: VRPH), but has attached some terms, a FAS statement says.

The FAS established that VeroPharm has a dominating position on the market for medicines with MNN Gemifloksatsin, and its subsidiary LLC LENS-Pharm with MNN Poliadenilovaya Kislota + Poliuridilovaya Kislota.

The FAS takes the view that the conduct of this deal could lead to a limiting of access to the market for the sale of these medical preparations by independent counteragent VeroPharm and LENS-Pharm. In light of this, the FAS requires of Sistema and VeroPharm to ensure the fulfillment of all contracts for the delivery of all medicines existing on the date the deal is completed.

Before the deal is done, Sistema is to post on its official website the document regulating its commercial policy as regards VeroPharm medical preparations, and announce changes to commercial policy in letter form to the FAS within thirty days.

The parties are not to, from the date the deal is completed, effect any unfounded economic or technological reduction or halt of the production and supply of goods that are still in demand. They are also to announce to the FAS either of such circumstances in letter form within thirty days.

AFK Sistema and VeroPharm are to annually inform the FAS in letter form that they are meeting these conditions.

The parties to the deal are to announce its completion to the anti-monopoly agency within twenty days from the day the deal is wrapped up.

According to DSM Group data, VeroPharm is third in a rating of the largest Russian pharmaceutical companies. Company product is provided by three plants: in Belgorod, Voronezh, and Pokrov. VeroPharm specializes in the production of Rx medical goods, which account for about 70% of its sales revenues.

Pharmacy Chain 36.6 (RTS: APTK) owns 51.8% of the company.

Cf

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

May 01, 2016
 
20:05
 
19:51
Moldova, U.S. to hold joint military exercise on May 3-20
 
19:40
Donbas shelling stops entirely, Kyiv says
 
19:28
Russia, China to hold joint computer-based command post missile defense exercise
 
19:22
ISS orbit could be adjusted on June 8 - source
 
19:08
Two-thirds of Russians not expecting change in relations with Ukraine under new PM - poll
 
18:55
Most Georgians favor dialogue with Russia, accession to EU, NATO - poll
 
18:33
Over 100 Kyrgyz citizens recruited to fight in conflict zones in 2016 - Interior Ministry
 
18:08
Ecuador extradites suspected drug smuggler to Russia
 
17:46
Putin thanks Ecclestone for contribution in development of Russian autosport
 
17:35
 
17:24
Syria peace process not possible without solving Aleppo problem - Russian expert
 
16:59
Novosibirsk court hearing of Monstration ideologist Loskutov case slated for May 6
 
16:53
Monstration ideologist charged with violating public event rules
 
 more headlines 



Interviews
 

.
Newly appointed British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks with about the current situation in British-Russian relations in the political, economic and cultural spheres, about London‘s position on the crises in Syria and Ukraine and shares his opinion on the Yury Gagarin flight.

more
.
.
World Jewish Congress President Ronald Lauder has given an interview to Interfax in which he speaks about issues that he discussed at a meeting with Russian President Vladimir Putin, about how the inflow of immigrants has influenced the situation with anti-Semitism in Europe and about attempts to rewrite the WW II history.

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview to Interfax in which she speaks about prospects for cancelling EU sanctions against Russia, Athens‘s position of the South Stream project, the EU-Turkey agreement on refugees and her expectations from the upcoming tourist season and Russia-Greece Cross Year.

more

 
  
 ©   1991—2016   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100