FAS approves MC Delo’s purchase of Global Ports’ 30.75-pct stock with an instruction to improve Russia’s position in Doing Business
Federal Antimonopoly Service of Russia has approved a petition of Management Company Delo LLC for a transaction under an agreement of purchase and sale of 126 814 024 ordinary voting shares and 49 435 976 ordinary non-voting shares making 30.75% of the authorized capital of Global Ports Investments PLC.
FAS also issued instructions according to which First Container Terminal JSC, Petrolesport JSC, Ust-Luga Container Terminal OJSC, Vostochnaya Stevedoring Company LLC and Moby Dik LLC should, within a maximum of 60 days from the time of transaction (as defined in the protocol of the meeting chaired by Igor Shuvalov, Deputy Prime Minister of the Russian Federation, dated 05.02.2018, No ИШ-П13-6пр) develop, issue, and have approved by the Agency for Strategic Initiatives and Russian Export Center JSC a package of measures aimed at improving the position of the Russian Federation in the World Bank's 'doing business' ranking when it comes to trading across borders.
As of today, Russia’s position in Doing Business is 35.
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