FAS obliged IMH to sell part of the fittings on the stock exchange – Kommersant

Promsort company of Evgeny Zubitsky, redeemed NLMK’s high-quality factories are obliged, within six months from the date of the transaction, to begin selling on the stock exchange at least 5% of the monthly production volume of valves. This decision was made by the Federal Antimonopoly Service (FAS) when approving the transaction. This is the first time the regulator has issued an order to sell valves through the exchange.

In addition, the buyer is obliged to ensure the fulfillment of all short-term and long-term contracts for the supply of fittings, as well as to approve and submit to the FAS an internal act defining the principles of interaction with consumers.

FAS has long been striving to launch trading in metal products on the stock exchange, but is encountering difficulties. In September 2022, Deputy Director of the Department of Metallurgy and Materials of the Ministry of Industry and Trade Roman Kuprin said that organizing such trade “currently appears to be difficult, due to the insufficient number of manufacturers interested in this format of trade.” In June 2023, Interfax reported that the list of goods for which national price indicators should be formed on the basis of exchange and non-exchange trading had been agreed upon. However, departments continued to argue about whether metallurgy and timber products should be included in this list.

Evgeniy Zainullin