Sberbank consolidates 100 per cent shares of Eurocement Group

Sberbank has consolidated 100 per cent of the share in the parent company of Eurocement Group (GFI Investment Ltd). The bank is currently searching for investors interested in Eurocement Group’s shares but is expected to write off part of the debt.

Eurocement operates 19 cement plants and is the largest cement producer in Russia. Eurocement has more than 60Mt of cement and producer more than 11Mm³ of concrete. It also has more than 5.5bnt of raw materials. 

As of 30 September 2020, the assets of Eurocement group amounted to RUB79.2bn.