Russia's anti-monopoly watchdog approves Shishkarev's purchase of Rosatom's 49% stake in Delo Group, includes number of provisions

MOSCOW. April 21 (Interfax) - Russia's Federal Anti-monopoly Service (FAS) has granted the petition from Sergei Shishkarev, founder and co-owner of Delo Group, to acquire the 49% stake in Delo Management Company LLC, the group's parent company, which Rosatom state nuclear energy corporation currently owns, a representative for Shishkarev told reporters.

"The FAS has approved Sergei Shishkarev's acquisition of Rosatom's stake, and has included a number of provisions relating to the key operating assets of Delo Group. The provisions are in effect for 10 years from the date of completing the transaction to consolidate the 100% stake. Specifically, they require the development and publication of pricing and sales policies for services on the website, as well as the notification of the FAS regarding transshipment volumes," the representative said.

Rosatom had previously said that it was initiating a mutual buyout offer (Russian roulette) in Delo Group amid disagreements with Shishkarev. In early March, Shishkarev officially notified Rosatom of his intention to purchase the state corporation's 49% stake in Delo Management Company.

Shishkarev previously announced his intention to secure a bridge loan to buy out Rosatom's 49% stake valued at 74 billion rubles. Shishkarev also agreed to establish a joint venture with Rostec state corporation for the strategic management of Delo Group after Rosatom's exit. He added that the option of Rostec subsequently repaying the bridge loan is under consideration.

Unified State Registry of Legal Entities (USRLE) data indicate that Shishkarev owns 51% of Delo Management Company and Rosatom owns 49%.