Cement News tagged under: Novoroscement

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Russian monopoly watchdog blocks Atakaycement acquisition

12 January 2022, Published under Cement News

Russia’s Federal Antimonopoly Service (FAS) has blocked the acquisition of Atakaycement by AO Actual Investments and OAO Novoroscement. FAS concluded after a market analysis that if the transaction went ahead, the aggregate share of the corporate group Actual Investments, Novoroscement and Atakaycement in the Southern and Northern Caucasus federal districts would exceed 50 per cent in terms of sales and production capacity. The acquisition would enable Actual Investments and Novoroscemen...

Novoroscement signs financing agreement with VTB Bank

07 November 2012, Published under Cement News

VTB Bank has signed an agreement with Novoroscement, the largest cement producer in southern Russia, to provide a RUB920m (US$29m) credit line to finance the company’s current operations. “The borrowed finds will be used to finance the current activities of the enterprise,” VTB said. The bank declined to disclose the maturity and terms of the credit line. Novoroscement has three cement plants in the Krasnodar Region with a combined capacity of over 4Mta of cement. VTB and Novoros...