MOSCOW — The federal anti-monopoly service has approved the bid for purchasing a stake in Power Machines (in which Interros owns 71 percent) filed by a company affiliated to Basic Element (BasEl), the press service of the antimonopoly authorities has reported.
Earlier, Siemens had also filed for acquisition of 71 percent in Power Machines, which was ruled down by the State Duma's appeal to the government, opposing sale of the stake to a foreign legal entity. In the meantime, Power Machines' management said the government could obtain a blocking shareholding, and they are negotiating over the issue with the President's administration, and considering a few mechanisms.
The antimonopoly service received the bid from a BasEl-affiliated structure in late January. Yet, Interros has declared that BasEl has had no talks with it so far concerning the purchase of Power Machines.