The Supreme Economic Court of Uzbekistan has received an appeal from Eurocement Group on the court's decision to annul the privatisation of Ahangarancement, in which the Russian producer holds a majority stake.

On 21 July 2014, the Uzbek court declared Eurocement's 2006 privatisation of the cement plant invalid. Eurocement owns a 75 per cent stake in Ahangarancement, Uzbekistan's second-largest cement producer by capacity and market share. The ruling paves the way for the plant to be nationalised.

Interfax reported quoted a court source saying that Eurocement's appeal will be considered in mid-September. (Source: Uzbekistan Daily)