A PYMNTS Company

Russia: FAS clears Rosneft’s total Alrosa takeovers

By  |  January 21, 2014

Russia’s Federal Antimonopoly Service announced clearance for oil giant Rosneft to acquire 100 percent of Alrosa’s Geotransgaz and Urengoi Gas Company, the watchdog announced. Rosneft’s president Igor Sechin only recently announced interest in the buyouts as part of an agenda to expand its gas preserves portfolio. Alrosa is Russia’s diamond monopoly and consolidated both companies in spring of last year for $1.1 billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: The Moscow Times

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.