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The sale of Titan Corporation check several government agencies

30 November 2012
The sale of Titan Corporation check several government agencies

Sale of Russian titanium Corporation

«VSMPO-AVISMA» — it is not simple and to a definite decision on it yet

very far, according to the Federal Antimonopoly service of Russia (FAS),

officials which will decide the fate of Verkhnaya Salda enterprise. «Official

the request for permission to conduct the transaction to us until they arrived. And when

this happens in parallel with the FAS reviewing the application will do

several state structures," — commented the head of

the Antimonopoly authority Igor Artemyev. «Titanium company AVISMA —

strategically important asset. So besides us (at least) a solution

on this issue will be taken in the Ministry of industry, and in other instances.

It is also likely the connection of the government Commission that controls question

participation in domestic business of foreign investors», — said in his

an interview with the media the head of the Federal service.

We will remind that in connection with difficulties when you return

borrowed funds borrowed to buy shares of titanium monopoly, management of the State

Corporation «Russian technologies» has decided to sell part of their package

securities «VSMPO». According to unconfirmed official data, about 775

millions of dollars of 970 years, which the Corporation proceeds from the sale

titanium asset will go to paying debt with a six-year history.

29 November 2012
3 December 2012