Cement News tagged under: Turkey
Ciments Francais seeks to keep Sibstem advance payment13 January 2012, Published under Cement NewsCiments Francais said it wants to keep a EUR50m advanced payment by SibCement for Turkish cement assets which the latter did not acquire, according to local press reports. Ciments Francaise filed a suite with the Supreme Arbitration Court on 20 December to recognise a ruling by the Istanbul Arbitration Court made on 7 December 2010. Under the ruling, the French company did not have to repay the advance payment to SibCement. In March 2008, Sibtsement announced that it would acquire Turk... |