Eurocement appeals Uzbek subsidiary privatisation

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Uzbekistan: The Supreme Economic Court of Uzbekistan has received an appeal from the Russian company Eurocement Group asking the court to not annul the privatization of Ahangarancement. The appeal will be considered in the middle of September 2014.

On 21 July 2014, the Uzbek court declared the 2006 privatization of the cement plant invalid. Eurocement, the largest shareholder of the cement plant, dismisses the claims of the Uzbek committee. If the company loses the case, its assets will be nationalised.

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URL: https://www.globalcement.com/news/item/2842-eurocement-appeals-uzbek-subsidiary-privatisation

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