Antitrust clears Sibirsky to raise stake in Angarsky Cement

Antitrust clears Sibirsky to raise stake in Angarsky Cement
Published: 14 November 2011

Russia’s Federal Antimonopoly Service has cleared Russian holding Sibirsky Cement to increase its stake in Angarsky Cement to 100%, according to the service’s data seen by PRIME on Friday.

As a result, Sibirsky Cement is allowed to acquire a 50.1% stake in Angarsky Cement.

Founded in 2002, Sibirsky Cement, or Sibirskiy Cement, is based in the Kemerovo Region. Angarsky Cement covers over 85% of the cement market in the Irkutsk Region.