20 August 2014
Russia: Stroigaz construction group plans to sell a controlling stake in a cement plant in the Altai region, Siberia. The deal should take place in the first quarter of 2015. Stroigaz holds 75% minus one share in the plant. The plant has a cement production capacity of 300,000t/yr. A strategic investor is expected to boost the plant's capacity. The deal is estimated at Euro22.4-37.3m. Stroigaz had previously held negotiations for the sale of the plant to Germany's HeidelbergCement in 2007, but the deal was not concluded.
Published in
Global Cement News