FAS approves Eurocement restructuring

FAS approves Eurocement restructuring
Published: 08 July 2010

The Federal Antimonopoly Service (FAS) of Russia has given the greenlight to Russian producer Eurocement Group to acquire 44.4% of the voting shares of CJSC "Eurocement.

 Following the transaction, "Eurocement Group becomes sole shareholder of ZAO Evrotsement. 

As noted in the report of FAS Russia, the information and documents submitted with the application, satisfy the requirements of Part 5 Article 32 of the Federal Law "On Protection of Competition. Applying part 2 of Article 33, Clause 1 of the law, FAS Russia took decision granting the application.