Siberia | Transport, logistics

Siberian Cement to buy 51% in Angarskcement for $62m

11 Apr '11
Kemerovo regions Siberian Cement intends to purchase 51% shares in Irkutsk region-based Angarskcement for $62m from RATM holding, Kommersant reports.

The buyer is reportedly to get RATMs shares in Angarskcement plant, Pereval mine and Bystrinsky deposit.

As a result of the deal, the Siberian Cement is to grow its share in Angarskcement to 100%, the newspaper said.

The deal is scheduled to be closed in May-June 2011.
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