’Sibcement’ ordered to decrease its shareholdings

’Sibcement’ ordered to decrease its shareholdings
Published: 25 August 2006

The Department of the Federal Anti-monopoly Service for the Krasnoyarsk Krai issued an order to ’Holding Company ’Siberian Cement’ OJSC (Kemerovo) to reduce its shares in ’Krasnoyarsk Cement’ Ltd. and ’Volna’ Ltd. (producer of roofing slate) to 50% or lower within two months, reports Deputy Head of AMS Department Oleg Kharchenko. At present Sibcement’s shares in these companies total 100%. The order was issued because the present situation ’worsens the competition conditions in the cement and roofing slate market and contributes to market monopolization.’