Fishing Company Swallows Competition

Moscow Times 31 May 2013
A fishing company co-owned by the brother of Moscow region acting Governor Andrei Vorobyov has purchased two smaller rivals in a $190 million deal that will make its pollock catch the biggest in the country, a news report said Friday. Maxim Vorobyov owns 36 percent of Russkoye More — Dobycha (Russian Sea — Extaction), the company that made the acquisitions.
The company bought the new assets from a private Russian investor, Vedomosti reported.
However, other sources said that the ultimate owner is Pacific Andes, the Chinese fishing giant, the report said.
The Federal Anti-Monopoly Service concluded at the end of last year that Pacific Andes violated the law on foreign investment in strategic industries by buying into Russian fishing assets. The watchdog ordered the company to sell them off.
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