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.
Stroigaz plans to sell controlling stake in Siberian cement plant
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