FAS approves Universal Picture Rus purchase
MOSCOW, August 25 - RAPSI. The Federal Antimonopoly Service (FAS) has approved the Dutch Universal Studios International, BV purchase of Universal Pictures Rus, UPI and Universal Pictures International Germany, the FAS reported.
Universal Pictures International Germany and UPI provide motion picture rights services. Universal Pictures International Germany operates an office in Russia.
The FAS approval of the acquisition is in compliance with the competition protection laws and the law on foreign investment in strategic industries.
Universal Studios International, BV manages subsidiaries which are engaged in movie and television program production, promotion and distribution.
FAS also approved the Dutch companys purchase of Universal Pictures Rus which sells movies on DVD and Blu-ray CDs.