OREANDA-NEWS. June 10, 2011. Under Article 28 of No.135-FZ Federal Law “On Protection of Competition” of 26th July 2006 (further on referred to as the Competition Act ) FAS Russia received a petition of “UPTRADE TRADING LIMITED” on acquiring 89.9018% voting shares of “IREA” Experimental Works” OJSC (Registration No. 24579 of 10th May 2011), reported the press-centre of FAS Russia.

Governed by Article 33 of the Competition Act, the Federal Antimonopoly Service (FAS Russia) has extended the period for petition consideration for two months in order to additionally examine the petition and obtain additional information necessary to make a decision.

Interested persons can provide information to the antimonopoly authority as to how the above transaction can affect the state of competition.