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FAS Approves Etingale's Motion to Acquire 100% in Khimprom OAO-Interfax


Thursday, 30 May 2013 08:22am EDT 

Interfax reported that Russia's Federal Anti-Monopoly Service (FAS) has granted Cyprus-based Etingale Management Limited's (Etingale) request to consolidate 100% of the voting (ordinary) shares in Novocheboksarsk-based chemical company Khimprom OAO, which is part of the Renova Orgsintez group, the regulator reported. According to the list of Khimprom OAO's affiliated entities as of March 31, Etingale currently owns 7.42% of the Company's charter capital, or 9.89% of ordinary shares. The list also includes Ellinbay Consultants Limited (29.4943% of charter capital, 28.5906% of ordinary shares), Uvine Limited (17.9302%, 20.5547%) and Al Anze Limited (17.8876%, 20.5547%), all of which are based in Cyprus. Interfax has been unable to obtain comment from Renova Orgsintez, which is Khimprom OAO's management organization. 

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