Thursday, August 5, 2010

Russian Government Approves Investments By Danone, Fraport Under Strategic Sectors Law

The state commission responsible for review of foreign investments under the 2008 Strategic Sectors Law (Russian link: approved applications by several large prospective investors. Danone was allowed to acquire Unimilk Holding, Russia's second largest producer of dairy products and baby food. Canadian gold producer Kinross Gold was permitted to acquire Avrelius Holding. Fraport was permitted to undertake a development project of St. Petersburg's Pulkovo airport, and the Bulgarian Aviation Group was given the green light to proceed with a deal involving the Kazan airport. Also approved was the acquisition by TNK-BP of voting shares in "Verkhnechonskneftegaz."

The Strategic Sectors Law and its implementation to date have been discussed in Russia/Eurasia Committee Year in Review publications ( and has been the subject of numerous posts on the Russia Monitor blog (

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