Finance / France
Russia's Sibirskiy To buy Italcementi's Turkish Assets
April 2008 | M&A News AlertItalcementi Group has agreed to sell its Turkish Assets to Russian cement maker Sibirskiy. Italcementi's French Unit Ciments Français will sell Set Group, its Turkish unit for EUR600mn (US$937.6mn). Sibirskiy will pay EUR400mn in cash and EUR200mn in shares, which will give Italcementi a 5.4% stake in Sibirskiy.
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