HELSINKI, March 14 (Reuters) - Nokian Tyres (TYRES.HE) said on Tuesday it had been informed that Russia's Governmental Commission on Monitoring Foreign Investment has approved the Finnish group's sale of its Russian operations to PJSC Tatneft (TATN.MM).
Nokian Tyres last year said it would sell the Russian tyre making business in response to the war in Ukraine.
The price approved by the Russian commission corresponds to 286 million euros ($306.85 million), Nokian Tyres said on Tuesday, significantly less than the 400 million euros that the group originally expected when a deal was first announced in October.
"Substantial uncertainties still remain related to the transaction and the timing of it as well as the (rouble-euro) exchange rate on the day of payment," it said in a statement.
($1 = 0.9321 euros)
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Russian President Vladimir Putin has given his consent to transfer 94.8 billion roubles ($1.21 billion) to Shell for its stake in the Far East Sakhalin-2 gas project, Russian daily Kommersant reported.
Indonesian nickel company Trimegah Bangun Persada (TBP), also known as Harita Nickel, has set its initial public offering price at 1,250 rupiah a piece to raise 10 trillion rupiah ($669.79 million) in proceeds.
Australia's central bank on Tuesday left its cash rate unchanged at 3.6% to break a run of 10 straight hikes, saying it wanted additional time to assess the impact of past increases on the economy and inflation.
Singapore is likely to tighten monetary policy this month, for the sixth time in a row, amid persistent price pressures in the Asian financial hub due to global supply chain disruptions.
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