Cement News tagged under: Siberia Cement
Italcementi/Siberia Cement dispute heads to Supreme Arbitration Court, Russia08 June 2012, Published under Cement NewsItalcementi, one of the world's largest makers of cement, expects to see its dispute with Russian cement maker Siberian Cement over a EUR 50mn forfeited commitment fee to go before Russia's Supreme Arbitration Court. The Italian company may see its appeal denied one more time by the Russian court. Back in 2008, SibCement won an auction to buy Italcementi's cement assets in Turkey for USD 850mn. The deal was duly approved by SibCement's Board and shareholders, and the Russian company paid th... |
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