First publishedon www.AggBusiness.com
Russian company Eurocement Holding has increased its stake in Swiss cement company Holcim to 10.8%, up from 10.1% in autumn 2011.
This represents a further CHF 100 million (€83.1 million) investment.
Eurocement Holding said that it had used the company's low share price as an opportunity to buy more shares. It also emphasised that its investment in Holcim was a financial investment, and that it does not want any representatives on Holcim's board.