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News Federal Antimonopoly Service approves deals between SibCem with Angarskcement and Iskitimcement

Federal Antimonopoly Service approves deals between SibCem with Angarskcement and Iskitimcement

Written by Global Cement staff 12 May 2017
  • Print

Russia: The Federal Antimonopoly Service (FAS) has approved Siberian Cement Holding Company (SibCem) to acquire executive body rights in Angarskcement and Iskitimcement. In the case of the transactions, the charter capital structure of Angarskcement and Iskitimcement will not change, the companies will sign management contracts, according to the Kommersant newspaper. Sibcem holds a 49.9% stake in Iskitimcement, via Topkinsky Cement, and a 43.33% stake in Angarskcement.

Last modified on 17 May 2017
Published in Global Cement News
Tagged under
  • Russia
  • Federal Antimonopoly Service
  • Siberian Cement
  • Angarskcement
  • Iskitimcement
  • GCW302

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