Russian Cement Company, a joint venture of Sibtsem Holding and Rostekhnologii State Corporation, has reached agreements in principle for the acquisition of a 63% stake in Iskitimcement with RATM-Holding. An application will soon be submitted to Russia's antimonopoly service.

At present, auditors hired by RTsK and RATM-Holding are near to complete the audit of Iskitimcement. According to the sources from RTsK and RATM-Holding, the company is in a satisfactory financial position.

Source: SKRIN Newswire