Putin has no reason to hide behind a minor shareholder and use dodgie doubtful tactics to stop a takeover. If Putin considered the FMS takeover not in the national interest he would just say so - and he has had plenty of time to do that. Non-approval would also be a good excuse for MMK to quit the scheme if they wanted to, but they are not!
Most likely, this is a delay instigated by MMK....
1) They want a discount if a war in the gulf happens.
2) They have to sell something before they can get the money.
3) They are in the process of doing a rail deal with FMG and the other local miners. (Why MMK own $1b FMG shares?)
4) All the above!
Just imagine how ripped off shareholders will feel if Viktor gets FMS cheap and FMS then announces that FMG is happy to let FMS use its rail and port facilities!
quit date - clarification of announcement, page-21
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