Sberbank gets LafargeHolcim stake
Published by Joseph Green,
Editor
World Cement,
According to a report by Reuters, Russia's biggest lender Sberbank has announced that it has acquired a 6.12% stake in Swiss-French cement giant LafargeHolcim from its Russian shareholder Eurocement Holding AG through a repo deal.
Sberbank CIB, an investment banking arm of Sberbank, announced that on 21 January it organised financing for Eurocement Holding AG as part of a repo deal worth 37 172 910 shares in LafargeHolcim Ltd.
Eurocement confirmed the deal but did not elaborate. LafargeHolcim have also made no comment.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/europe-cis/25012016/sberbank-lafargeholcim-stake-374/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
