Federal Antimonopoly Service approved the petition JSC "Uralskaya ore mining and smelting company ", "Management machine-building mining company" about purchase the gold miner "Highest"

Federal Antimonopoly Service agreed on the petition JSC "Uralskaya ore mining and smelting company ", "Management machine-building mining company" about acquisition of 100% of voting shares of the gold miner "Highest", follows from department data. According to Federal Antimonopoly Service, the conclusion of the transaction will not lead to competition restriction in the Russian market of gold. Shareholders "Highest" tried to sell company to the strategic investor for several years. In 2019-2020 the possible transaction structures discussed the Chinese Fosun, Trotsenko Roman, and also the Kazakhstan businessman Kenes Rakishev. In October petition for purchase...