Siemens received a waiver, which all were waiting

The global economy rules igry12-09-2007 Siemens received a waiver, which all awaited the Federal Antimonopoly Service (FAS) Russia has refused the company Siemens AG to acquire a controlling stake in Power Machines. This is stated in the message department. As noted in the materials of FAS, the approval of the application could lead to restriction of competition, including as a result of the dominant position of Siemens in the market of power equipment in Russia. This was an expected failure. Two years ago, the German concern had already been denied the purchase of the Russian company - Anti-Monopoly Service will not allow foreign companies the right to obtain a controlling stake in an important strategic industry. In addition, as compensation, Siemens is allowed to become the largest shareholder in the Kaluga Turbine Plant, which produces engines for nuclear submarines. And the current effort excited the market - it was not clear that the mind of the Germans. In considering this application, FAS found that the proportion of "Power machines" in the Russian market of power equipment is around 37%. The scope of supply power equipment to the Russian market, Siemens is about 13% of the total orders Russian energy companies. The petition the combined share of German companies in the market of power equipment in Russia is about 50%, which will allow Siemens to take a dominant position in this market.