OREANDA-NEWS. April 01, 2014. The Federal Antimonopoly Service (FAS Russia) is considering a petition of “European Media Group” Ltd. (location: Build. 5, 21, Stanislavskogo Str., Moscow, 109004; main activities – advertising) on acquiring 100% share of the authorized capital of “New Technologies Centre” Ltd. (location: liter А, add.6N, 28, Shevchenko St., St Petersburg, 199406; main activities – radio broadcasting and television) (FAS Registration Number - 18737/14, of 25.02.2014).

Having considered the petition, FAS established that the transaction in question can lead to competition restriction.

Guided by Clause 2 Part 2 Article 33 of the Federal Law “On Protection of Competition”, upon investigating the petition FAS decided to prolong the period of its consideration for two months in order to give the petition additional consideration and obtain additional information.

Interested persons have the right to submit information to the Federal Antimonopoly Service (FAS Russia) about the impact of the transaction in question upon the state of competition.