Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
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.