28 Dec 2010 17:34

FAS rejects Inter RAO request to buy St. Petersburg electricity retailer

MOSCOW. Dec 28 (Interfax) - The Federal Antimonopoly Service (FAS) has decided to prohibit an Inter RAO UES subsidiary, Inter RAO UES, from purchasing an electricity retailer in St. Petersburg, the FAS said in a statement.

The deal "would strengthen the filer's dominant position and marketing power" and "perhaps limit competition on the electricity market," the statement says.