FAS approves purchase of 15% in Vankorneft by Indian ONGC
Edited by Rhod Mackenzie / 2016-04-04 12:19:14
The Russian Federal Antimonopoly Service has issued a decision on preliminary approval of the acquisition of 15% of shares in Vankorneft, which is of strategic importance, to the company ONGC Videsh Limited, the Service reports.
Earlier, the corresponding petition, filed in accordance with the Law on the Procedure for Foreign Investment in Business Entities of Strategic Importance (57-FL), was considered and approved by the Government Commission on Foreign Investment.