European Bank for Reconstruction and Development to increase stake in Holcim Azerbaijan cement factory to 20%

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Azerbaijan: The European Bank for Reconstruction and Development (EBRD) plans to increase its stake in Holcim Azerbaijan to 20% from 10%.

"The EBRD is considering an additional investment in Holcim OJSC to increase the bank's stake in the company, with a view to extend its participation in the business," the EBRD said in a statement. The bank intends to support the company’s energy efficiency through the use of alternative fuels. On 20 July 2016 the EBRD board of directors will start a preliminary review of the issue of increasing the stake in Holcim Azerbaijan.

Holcim Azerbaijan produces 35 - 40% of Azerbaijan's cement and clinker. The company's main shareholders are LafargeHolcim (66%), EBRD (10%) and Holcim Auslandbeteiligungs GmbH (10%).

Last modified on 22 June 2016

URL: https://globalcement.com/news/item/5015-european-bank-for-reconstruction-and-development-to-increase-stake-in-holcim-azerbaijan-cement-factory-to-20

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