Eurocement increases stake in Holcim to 10.8%

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.
April 13, 2012

Russian company 3704 Eurocement Holding has increased its stake in Swiss cement company 680 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.

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