Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

05/22 11:22   Kyiv still denying Russian consular officials access to two Russians detained in Donbas - Russian Foreign Ministry (Part 2)
 
05/22 11:14   BRICS political directors discuss Middle East situation in Moscow - Russian deputy FM
 
05/22 11:13   Rostelecom might reconsider dividend policy in favor of increase
 
05/22 11:11   EU visa-free travel for Ukraine, Georgia dependent on their compliance with terms - commissioner
 
05/22 11:11   Cherkizovo more than doubles net profit in Q1 to 2.1 bln rubles - company
 
05/22 11:08   Saiga antelope death toll may reach 85,000 in Kazakhstan's Kostanai region - Agriculture Ministry
 
05/22 11:05   Kyiv is still denying Russian consular officials access to two Russians detained in Donbas - Russian Foreign Ministry
 
05/22 11:05   Russian monetary base down 2.3 bln rubles
 
05/22 11:04   CHERKIZOVO MORE THAN DOUBLES US GAAP NET PROFIT IN Q1 TO 2.1 BLN RUBLES - COMPANY
 
05/22 11:02   RUSSIAN MONETARY BASE WAS AT 7965.2 BLN RUBLES ON MAY 15, DOWN FROM 7967.5 BLN RUBLES ON MAY 8 - CB
 




 

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 22, 2015
 
11:13
Rostelecom might reconsider dividend policy in favor of increase
 
11:11
EU visa-free travel for Ukraine, Georgia dependent on their compliance with terms - commissioner
 
11:11
Cherkizovo more than doubles net profit in Q1 to 2.1 bln rubles - company
 
11:08
Saiga antelope death toll may reach 85,000 in Kazakhstan's Kostanai region - Agriculture Ministry
 
11:05
Kyiv is still denying Russian consular officials access to two Russians detained in Donbas - Russian Foreign Ministry
 
11:05
Russian monetary base down 2.3 bln rubles
 
11:04
CHERKIZOVO MORE THAN DOUBLES US GAAP NET PROFIT IN Q1 TO 2.1 BLN RUBLES - COMPANY
 
11:02
RUSSIAN MONETARY BASE WAS AT 7965.2 BLN RUBLES ON MAY 15, DOWN FROM 7967.5 BLN RUBLES ON MAY 8 - CB
 
11:02
DPR Defense Ministry reports overnight bombardment of Horlivka
 
11:01
Bank Rossiya requesting to participate in program to recapitalize through OFZ - Moiseyev
 
11:00
MICEX and RTS Indexes at 11:00 MSK
 
10:56
Ukraine to demand Russian pay $48 bln to compensate for companies' losses in Crimea - Justice Ministry
 
10:54
Polymetal to refinance part of debt due in 2016 to 2018
 
10:50
Inquiry opened into May 21 clashes in central Kyiv
 
 more headlines 



Interviews
 

.
U.S. Ambassador to Russia has given an interview to Interfax‘ foreign political desk chief Olga Golovanova ahead of the V-Day celebration due in Moscow on May 9 in which he praises joint effort in defeating fascism and says that U.S. President Barack Obama hopes for improving relations with Russia in the future.

more
.
.
UN Secretary General Ban Ki-moon, who will attend celebrations of the 70th anniversary of the Great Patriotic War Victory on May 9 in Moscow, has given an interview to Interfax correspondents Alexander Korzun and Andrei Baranovsky ahead of his visit to Russia.

more
.
.
Austrian Foreign Minister Sebastian Kurz has given an interview to Interfax‘ foreign political desk chief Olga Golovanova ahead of his first visit to Russia which starts on May 4 and takes place days before V-Day celebrations in Moscow.

more

 
  
 ©   1991—2015   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