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.
Federal Antimonopoly Service approves deals between SibCem with Angarskcement and Iskitimcement
Written by Global Cement staff
Published in
Global Cement News
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://www.globalcement.com/news/item/6117-federal-antimonopoly-service-approves-deals-between-sibcem-with-angarskcement-and-iskitimcement
© 2024 Pro Global Media Ltd. All rights reserved.