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FAS Allows CNH Global NV to Acquire Stake in Joint Venture with Kamaz OAO-RosBusinessConsulting


Tuesday, 29 Oct 2013 08:00pm EDT 

RosBusinessConsulting reported that the Federal Anti-Monopoly Service (FAS) has approved the application of CNH Global NV, a producer of agricultural and construction machinery, to acquire rights to determine the business operations of CNH Kamaz Industrial BV, a joint venture (JV) with Kamaz OAO (Kamaz), the regulator said in a statement. According to the information from the FAS, CNG Global NV will obtain these rights after it acquires 50% of the voting shares in CNH Kamaz Industrial BV. As a result of this deal, the stake of CNH Global NV in the joint venture will rise to 100%. 

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