Mikhaylov Construction Materials Plant completes Eurocement acquisition

Sberbank has closed a deal to sell parent company Eurocement Group's shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organised on the Russian Action house’s electronic platform. The transaction was valued at RUB161bn US$2.214bn). 

The deal will have a positive impact on the group’s financial performance and will be reflected in Sber Group's IFRS Report for 3Q21.