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  Friday, July 19, 2019
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Russia does not prevent Siemens from buying the Siloviye Mashiny concern's stock
Russia does not prevent Siemens from buying the Siloviye Mashiny concern's stock, but without the controlling block, Economic Development Minister German Gref said. "What configuration it [the deal] will have and whether it will take place at all is up to private companies who should agree about the configuration," Gref told journalists. The head of the German economy's Eastern Committee, Klaus Mangold, said the deal was likely to take place. "The project is rather viable," he said. Siloviye Mashiny is a big Russian producer and equipment supplier for hydraulic, heat, gas and nuclear power plants
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