Subscription and demo access

About Interfax
Press Releases
Products & Services
Contact us
Customer Login


08/24 16:31   Quotations for Russian Eurobonds in US dollars
08/24 16:31   Quotations for Russian Eurobonds in euros and rubles
08/24 16:30   Moscow interbank Ruonia rate and volume of the transactions used to calculate the rate
08/24 16:28   Nazarbayev expresses condolences to victims of earthquake in Italy
08/24 16:27   Energy Systems of East narrows IFRS loss 40% to 2.8 bln rubles in H1
08/24 16:27   Medvedev expected to visit Israel in Nov - embassy to Russia
08/24 16:27   STLC to collect bids on 5 bln rubles in bonds in late August-early September
08/24 16:25   Moscow interbank actual rate
08/24 16:19   Israeli embassy doesn't confirm reports on possible meeting between Abbas, Netanyahu in Moscow
08/24 16:17   Tajik parliamentarians approve law on amnesty  |  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.


(Our editorial staff can be reached at

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.



First name:


Last name:


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:

August 24, 2016
Moscow interbank actual rate
Israeli embassy doesn't confirm reports on possible meeting between Abbas, Netanyahu in Moscow
Tajik parliamentarians approve law on amnesty
Kazakh, Polish development banks agree 300 mln euro in projects
Business confidence falls in Russian extractive industry in Aug for first time in 7M - Rosstat
Polish president promises support for Kyiv's Euro-Atlantic aspirations (Part 2)
Udmurtia lawmaker beats oil majors to Yakutia license
Russian consumer price growth resumes with 0.1% inflation for week - Rosstat
MICEX and RTS Indexes at 16:00 MSK
Kyiv ready to conduct dialogue on controversial historical issues with Warsaw - Poroshenko
State contract for construction of six subs carrying cruise missiles Kalibr for Pacific Fleet will be signed at ARMY-2016 forum - source
Moscow court sentences nationalist Potkin to 7.5 years in prison, heavy fine
 more headlines 


NATO Secretary General Jens Stoltenberg has given an interview to Interfaxs correspondent Alexander Korzun ahead of the alliances summit in Warsaw due on July 8-9 in which he speaks about place of the Russian topic on the summits agenda and Russia-NATO relations in general.

Israeli Prime Minister Benjamin Netanyahu has given an interview to Interfax ahead of his visit to Russia in which he speaks about the influence that his personal relationship with Russian President Vladimir Putin have on the development of interstate ties, about Israels plans regarding new gas fields and said that Israel will into allow Syria to turn into a source of aggression. This will be Netanyahus third visit in under a year.

Indonesian Ambassador to Russia Wahid Supriyadi has given an interview with Interfax in which he speaks about the results of the Russia-ASEAN summit, prospects for achieving an agreement on oil production freeze in OPEC, Indonesian-Russian military and technological cooperation and the launch of direct air communication between Indonesia and Russia.


 ©   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:   |   IFX.RU   |   Interfax Group   Rambler's Top100