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FAS Clears AKB Bank Moskvy OAO to Consolidate 100% in Paper Mill-PRIME


Monday, 26 Aug 2013 02:26am EDT 

PRIME reported that the Federal Anti-monopoly Service (FAS) has cleared AKB Bank Moskvy OAO (Bank of Moscow) to consolidate a 100% stake in Segezha Pulp and Paper Mill located in the Karelia republic as a result of the purchase of a 49.9% stake, the watchdog said in a statement. The pulp and paper mill is part of Investlesprom holding. Bank of Moscow’s parent holding VTB Group has recently entered talks to buy Investlesprom from AFK Sistema. 

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