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)
September 23, 2017
Trump wants to find common ground with Russia, but Moscow must change its behavior - U.S. special envoy for Ukraine
First charter flight arrives from Japan to Kurils
All 41 protestors detained in Moscow face administrative charges - Other Russia party
Limonov detained at unauthorized rally in Moscow to appear in court on Oct 3
Govt intends to grant concessionary loans to foreign buyers of Russian cars - Manturov
Budget to replace Rosneftegaz in funding of Il-114 from 2019 - Putin
Putin brings up defense industry diversification at meeting with Oreshkin, Manturov
Oreshkin expects rise in Russian mortgage lending by end of 2017
Putin, economic development minister discuss record harvests in agriculture
Manturov forecasts 10% rise in car industry by end of 2017
Russia not thinking yet of refusing from participation in PyeongChang Olympics over situation around DPRK - ROC chief
Russian economy embarks on steady growth trajectory, Putin tells Oreshkin, Manturov
Russian GDP rose by 2.3% in August - Oreshkin
RUSSIA'S GDP GROWTH IN AUGUST STANDS AT 2.3% - ECONOMIC DEVELOPMENT MINISTER