Siberian Cement Holding puts off Turkish assets deal

Siberian Cement Holding puts off Turkish assets deal
Published: 29 September 2008

On September 25, 2008 Siberian Cement Holding was to close the deal on acquisition of Italcementi Group - Set Group, comprising four Turkish cement and several concrete plants with freight terminals in the ports of Ambarli and Instanbul. However, Italcementi reported that the deal had been put off till October 20, 2008, citing no relevant reason for the delay. To remind, the Turkish company asked EUR600mln for its assets, Vedomosti reports.