The Federal Antimonopoly Service (FAS) of Russia has allowed JSC Sea Port Saint Petersburg to purchase 100% of shares of JSC Vanino Commercial Sea Port (Port Vanino), the antitrust agency press release said.
Previoulsy, Sea Port Saint-Petersburg had announced it would participate in a tender offer process on the purchase of a state-owned 55-percent stake in JSC Vanino Commercial Sea Port, which will be held on December 7, 2012. This decision was made by the company's shareholders at the Company’s stockholders EGM, Nov. 23 2012.