FAS of Russia Acknowledged Validity of Purchase of ZAO DCC Shares by NDC

28 April 2005
Print version

Not-For-Profit “The National Depository Center” (NDC) has received official approval from the Federal Antimonopoly Service of Russia (FAS) on  the purchase by NDC of ZAO “Depository Clearing Company”  shares.

In compliance with the Federal law On Competition Protection on Financial Services Market, the FAS of Russia has considered NDC’s notifications on the purchases of 27.83% and 2.17% of shares in ZAO DCC, and has taken positive decision to acknowledge these transactions legally valid.

Such acknowledgment by FAS of Russia will enable NDC to nominate its representatives to the Board of Directors of ZAO DCC and to take part in DCC’s management.
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