Uzbek court reportedly annuls Eurocement acquisition of Akhangarancement
Published by Katherine Guenioui,
Editor
World Cement,
According to reports, an Uzbek court has annulled Eurocement’s acquisition of Uzbekistan’s biggest cement producer, Akhangarancement. Eurocement acquired a 75% stake in the company in 2006.
The reports indicate that the Uzbek State Competition Committee filed a lawsuit last week and the court ruling was made on 21 July. It is suggested that there are plans to nationalise Akhangarancement. However, it is also reported that Eurocement will appeal the court ruling.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/europe-cis/24072014/eurocement-plant-in-uzbekistan-162/
You might also like
The World Cement Podcast
A podcast series for professionals in the cement industry featuring short, insightful interviews. Subscribe on your favourite podcast app to start listening today.
