Overview
- Russia's Federal Antimonopoly Service approved the purchase, clearing Rosspirtprom to acquire all Tatspirtprom shares.
- Company statements say the transaction followed an independent appraisal and was executed at market price.
- The firms plan to maintain distinct roles, with Rosspirtprom focused on ethyl alcohol supply and Tatspirtprom on liquor production.
- Financial terms were not disclosed.
- Rosspirtprom is Russia's largest supplier of ethyl alcohol, while Tatspirtprom was ranked the country's top vodka producer for 2024.