Cement News tagged under: Sberbank
Sberbank consolidates 100 per cent shares of Eurocement Group30 October 2020, Published under Cement NewsSberbank has consolidated 100 per cent of the share in the parent company of Eurocement Group (GFI Investment Ltd). The bank is currently searching for investors interested in Eurocement Group’s shares but is expected to write off part of the debt. Eurocement operates 19 cement plants and is the largest cement producer in Russia. Eurocement has more than 60Mt of cement and producer more than 11Mm 3 of concrete. It also has more than 5.5bnt of raw materials. As of 30 September 2020... |
Russia's Sberbank sells 6.12% stake in LafargeHolcim08 February 2016, Published under Cement NewsRussia's Sberbank confirmed on Friday it had sold a 6.12 per cent stake in LafargeHolcim to a group of foreign investors. Sberbank acquired a 6.12 per cent stake in LafargeHolcim in January from Eurocement Holding AG as part of a repurchase agreement. |
Russia’s Sberbank reportedly selling LafargeHolcim stake04 February 2016, Published under Cement NewsSberbank, Russia’s largest lender, is selling a stake in Swiss cement business LafargeHolcim Ltd valued at about CHF1.5bn (about US$1.5bn), Bloomberg reported late Wednesday, citing a termsheet. UBS Group AG is sole bookrunner on the sale of 37.2m shares, the terms showed. Sberbank acquired a 6.12 per cent stake in LafargeHolcim in January from Eurocement Holding AG as part of a repurchase agreement, making the Russian lender the third-largest stakeholder. Sberbank and Eurocement signed a ... |
LH confirms Sberbank shareholding27 January 2016, Published under Cement NewsLafargeHolcim Ltd said in a statement yesterday that it was informed on 25 January 2016 by Sberbank of Russia that it holds, through a repurchase transaction with Eurocement Holding AG, 6.12 per cent of the voting rights and of the registered share capital of LafargeHolcim Ltd. This corresponds to 37,172,910 registered shares and voting rights. According to the declaration of Sberbank of Russia, the Stock Exchange Act threshold of five per cent was exceeded on 21 January 2016. |
Russian Sberbank gets 6% of LH from Eurocement in repurchase deal25 January 2016, Published under Cement NewsSberbank CIB, the investment banking arm of Russian lender Sberbank, announced on Friday it now holds six per cent of LafargeHolcim following a repurchase deal with Russian Eurocement Holding. Under the terms of the agreement, the investment arm had organised financing for Eurocement Holding AG in return for 37m shares in LafargeHolcim. Eurocement has the right to buy back the shares at a specific price and on a certain date. The agreement was implemented on 21 January, the statement sa... |
Eurocement and Sberbank sign agreement29 May 2014, Published under Cement NewsEurocement Group and Sberbank of Russia have signed a cooperation agreement to secure funding for the construction of new plants in Russia. The agreement was signed by Filaret Galchev, Eurocement’s chairman of the board of directors, and Herman Gref, CEO and chairman of Sberbank during the XVIII St Petersburg International Economic Forum. The investment will allow Eurocement to increase its share of dry-process production to 100 per cent by 2018. By the time the programme reaches its conc... |
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