Wednesday, 21, April, 2021

The Russian Eurocement group has put up for sale its 84.19% stake in the Uzbek cement manufacturer Okhangaroncement.

We are talking about 4 million 141 thousand 108 ordinary registered uncertified shares at a minimum price of 103,593.05 soums per share (to enter into negotiations with potential investors).

Shares are sold in a single lot. The total amount of the transaction, could be at least 429 billion soums (about 40.7 million dollars at the exchange rate of the Central Bank as of March 1).

Earlier it became known that Eurocement had been handed over under the control of Sberbank for debts and has already been put up for sale.

Okhangaroncement dominates the cement market and is one of the largest taxpayers in the country. The plant's net profit in 2019 topped 179.8 billion soums, or US$ 16.5 million, in 9 months of 2020 - 187.1 billion soums, or US$ 18 million.

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