Russian-Syrian checkpoint opens in Eastern Goutha de-escalation zoneWorld July 25, 8:17
Russian-Chinese naval drills in Baltic Sea to enter active phaseMilitary & Defense July 25, 7:59
Putin to meet with Iraq’s vice-presidentRussian Politics & Diplomacy July 25, 6:49
Russian super-heavy booster vehicle to bring payloads of 70 tns to orbitScience & Space July 25, 5:34
New limits on microloans to kill off most micro lenders in Russia, say expertsBusiness & Economy July 25, 3:45
Lavrov says astonished by mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
MOSCOW, August 2. /TASS/. Russian Federal Antimonopoly Service (FAS) approved sale of the cosmetics business of Procter & Gamble (P&G) to US cosmetic producer Coty, press service of the regulator told TASS on Tuesday.
The Russian government commission on control of foreign investments in Russia gave a tentative approval to the transaction of acquisition of 100% shares in Galleria Co (Procter & Gamble’s cosmetics subsidiary) by Coty Inc., FAS said.
Approval of the transaction by the Russian regulator is needed because as a result of it Coty may indirectly dispose of 100% votes in Russia’s Capella factory owned by P&G, which has strategic importance for the national defense and security, the antimonopoly service said.
Capella factory based in Nizhniy Novgorod Region is producing branded shampoos and hair-dyes, such as Shamtu, Wellaton, Londacolor, and Safira. The factory is supplying products domestically and exports them to CIS states and East Europe.