Russia ready to boost anti-terror cooperation with Asia-Pacific countriesMilitary & Defense October 24, 11:52
Russia expected to jump above 40th spot in Doing Business ranking in 2017Business & Economy October 24, 11:50
Ukrainian police take nationalists into custody for blocking Kiev courtWorld October 24, 11:41
Syrian troops seize militant arms depot containing latest weapons made in NATO countriesMilitary & Defense October 24, 11:37
Siberian scientists work on communication technology for ArcticBusiness & Economy October 24, 11:20
Cyprus president praises bilateral relations with RussiaWorld October 24, 11:13
Russia ready to boost dialogue with ASEAN — defense ministerRussian Politics & Diplomacy October 24, 10:46
IS terrorists control less than 5% of Syria’s territory — Russian defense ministerMilitary & Defense October 24, 9:53
Russian tennis star Sharapova provides humanitarian aid to hurricane-hit Puerto RicoSport October 24, 9:39
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.