November 23, 2012 16:46
Govt foreign investments commission will not have to approve increase in stake above 75% - FAS
MOSCOW. Nov 23 (Interfax) - A foreign investor will not need the permission of the Russian government commission for foreign investments to raise its stake above 75% of shares in a company.
These amendments will be made to the law governing foreign investments in strategic economic sectors, head of the Federal Anti-Monopoly Service (FAS) Igor Artemyev told Russian President Vladimir Putin while reporting on preparations of legislative amendments that facilitate foreign investment.
"Companies that have already racked up 75% [of shares] will get the relevant permission (if they buy more shares surpassing 75%) and will also not come to us at the commission. There are quite a few such companies," Artemyev is quoted as saying in a transcript of the meeting published on the FAS official website.
"In the last week, the government has approved amendments that, after they are reviewed at a government session, will go to the State Duma," Artemyev said.
(Our editorial staff can be reached at firstname.lastname@example.org)
January 27, 2015
Nordgold could continue Eurobond buyback - CEO
MICEX and RTS Indexes at 15:00 MSK
U.S. DECIDES TO GIVE NEW TURN TO ANTI-RUSSIAN CAMPAIGN BY DETAINING VEB'S DEPUTY ENVOY TO THAT COUNTRY, RUSSIAN CITIZEN BURYAKOV - RUSSIAN FOREIGN MINISTRY
RUSSIAN FOREIGN MINISTRY: NO EVIDENCE PROVING RUSSIAN CITIZENS' U.S. SPYING CHARGES PRESENTED
Embassy refutes UK plans to ship military hardware to Uzbekistan
Armenian DM: Yerevan-Moscow relations to be unaffected by Gyumri tragedy
Russian foreign trade fell 5.7% in 2014, trade with Ukraine down 28.8% - Econ Ministry
Comet 67P/C-G is a fragment of Jupiter's solid nucleus - Russian expert
RUSSIAN FOREIGN TRADE FELL 5.7% IN 2014, TRADE WITH UKRAINE DOWN NEARLY 30% - ECON Ministry
Russia "aggressor state", declares Ukrainian parliament
S&P affirms Vimpelcom's ratings at "BB," outlook changed to stable
Russian Defense Ministry to publish Auschwitz liberation documents (Part 2)
Important that inter-Syrian meeting leads to new contacts - source (Part 2)