Russia’s Federal Antimonopoly Service (FAS) has given its approval to Murmansk-based Karat-1 OJSC -- a unit of Vitaly Orlov's Norebo Holding -- to acquire a 100 percent stake in fellow fishing company Saami LLC.

The new acquisition would give Norebo -- already Russia's largest quota holder -- an extra 8,870 metric tons of Atlantic cod and 2,700 metric tons of haddock fishing quotas. In addition, Saami is involved in Barents Sea shrimp catching.