Sberbank has appealed to the Russian Federal Antimonopoly Service for approval in its bid to receive a 51 per cent stake in Iskitimcement, the largest cement producer in the Novosibirsk Province with a capacity of 1.8Mta.



The bank reportedly plans to receive shares currently owned by the RATM holding as a part of Iskitimcement’s debt restructuring. Iskitimcement owes Sberbank some RUB 3bn (€75m).

Source: PMR Research Published under Cement News