FAS Makes Ingosstrakh Reduce Yugoria’s Shareholding

11 July 2012 (09:11)

Russia’s Federal Antimonopoly Service made Ingosstrakh reduce the total share of Ingosstrakh-Yugoria Group on the Russian regional insurance markets in case Ingosstrakh buys a 100% stake in Yugoria Insurance Company.

Now the FAS has already approved Ingosstrakh’s petition for the acquisition of a 100% shareholding in Yugoria: the latter is to be privatized in August.

For three years, Ingosstrakh will have to submit quarterly reports on how the reduction process is going to the FAS.

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