Alfa Cement to pay no dividend

Moscow: Alfa Cement AGM decided May 27 not to pay 2003 dividend, allocating 29.961 mln rbl as the previous years profit to cover 89.8% of 2003 loss, the company said.  KPMG was approved as an auditor. The holders also elected Holcim and Alfa Cement’s reps to the 5-seat Board of Directors.  Holcim Ltd. announced in Jan. it held 68.8% stake in Alfa Cement.