Home Business FAS and LUKOIL signed the world agreement on the diamond miner AGD,...

FAS and LUKOIL signed the world agreement on the diamond miner AGD, VTB is not yet

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The Federal Antimonopoly Service (FAS) said that the settlement agreement on a lawsuit challenging the sale of diamond miner AGD (AGD Diamonds, formerly Arkhangelskgeoldobycha) is in the interests of the parties. FAS and LUKOIL are ready for an agreement, but VTB representatives have not yet signed the document, FAS head Maxim Shaskolsky said. For our part, we signed it, and LUKOIL signed it, but VTB has not signed yet, as it sees the risk of challenging the deal and is looking for legal mechanisms to avoid them. Our position is that an amicable agreement is in the interests of the parties,” Mr. Shaskolsky said in an interview with Interfax. The deal was partially financed by VTB by issuing a loan to Otkritie Industrial Investments LLC (OPI), a subsidiary of Otkritie Holding, for $873 million. The FAS considered that the buyer did not provide … .

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