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News Holcim attracts 30 potential buyers for Russian business

Holcim attracts 30 potential buyers for Russian business

Written by Global Cement staff 16 May 2022
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Russia: Holcim said that it has received interest from over 30 possible buyers for its Russian business. The group announced that it would sell the assets, including three cement plants, in March 2022, after the Russian invasion of Ukraine on 24 February 2022.

Chief executive officer (CEO) Jan Jenisch said that the sale would need to be handled ‘with very great diligence.’ He continued "We don't expect to write it off completely. I would hope this business has a value." Jenisch asked investors and commentators to ‘give us a couple of months’ to ‘get more clarity.’

Last modified on 18 May 2022
Published in Global Cement News
Tagged under
  • Holcim
  • Holcim Russia
  • business
  • Sale
  • auction
  • Bid
  • Divestments
  • War
  • Ukraine
  • Invasion
  • Russia
  • Sanctions
  • GCW557

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