OREANDA-NEWS. October 06, 2009. Te federal Arbitration Court of the East-Siberia District confirmed validity of the actions undertaken by the Buryatia Office of the Federal Antimonopoly Service (OFAS Russia) on including the group of persons ("Sibirsky Cement" Holding Company" OJSC, "ZapSibCement" Ltd. and "Timlyuisky Cement" Ltd.) in the Register of economic entities with the market share over 35%, reported the press-centre of FAS Russia.

Earlier the Buryatia OFAS Russia, acting upon the instructions form FAS Russia, analyzed the cement market within the boundaries of the Republic of Buryatia. Based on the findings, the antimonopoly body established that "Sibirsky Cement" Holding Company" OJSC, "ZapSibCement" Ltd. and "Timlyuisky Cement" Ltd. constituted the same group of persons and had more than 50% share of the market for cement production, wholesale supplies and sale in the Republic.

"Sibirsky Cement" Holding Company" OJSC disagreed with the antimonopoly body, and thought that the order of the Buryatia OFAS Russia contravened the antimonopoly legislation.

On 27th March 2009, the Arbitration Court of the Republic of Buryatia dismissed the claim of Sibirsky Cement" Holding Company" OJSC in full.

On 23rd June 2009, the 4th Arbitration Appeal Court sustained the order of the Buryatia OFAS Russia.

Therefore, three court instances unanimously confirmed legitimacy of the actions of the Buryatia OFAS Russia for including the group of persons ("Sibirsky Cement" Holding Company" OJSC, "ZapSibCement" Ltd. and "Timlyuisky Cement" Ltd.) in the Register.

"The decision of the Buryatia Antimonopoly Office is aimed at preventing and discovering violations of the antimonopoly legislation in the cement market. Including companies in the Register means they will need to submit information to the antimonopoly authority regarding their operative activities, economic performance and agree upon transactions in accordance with the Law "On Protection of Competition", pointed out Alexey Ylyanov, the Head of the FAS Russia's Department for Industry Control.