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Sberbank gets LafargeHolcim stake

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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

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