Heidelberg Cement to buy stake in Uzbek cement plant

Qizilqumcement Plant, Uzbekistan

Qizilqumcement Plant, Uzbekistan

Germany’s Heidelberg Cement is in talks with the the state-run Uzstroymaterialy construction conglomerate concerning the acquisition of a 35.9% share in the Qizilqumcement plant, Uzbekistan’s largest cement factory. If the sale goes through, Uzstroymaterialy will retain 51% controlling stake, within individuals owning the remaining 13.1% of the shares.
The plant is one of 68 enterprises that the government in Tashkent has put up for sale to ‘strategic’ foreign investors. 

Source: TREND