Shares of Akhangarancement, part of EUROCEMENT group, put up for sale at an open auction of the republican stock exchange (RSE) Toshkent. 4.14 million shares were put up for auction, which is 84.2 % of the total volume. The shareholder is EUROCEMENT Holding AG, the parent company of the EUROCEMENT group.
The cost of one share is UZS 103,593.05 at the rate of 110 UZS to 1 RUB. A total of 4,141,108 shares were put up for auction with a total value of about RUB 3.89 billion.
In October 2020, the quarterly report of Sberbank (Sber) revealed that the company had consolidated 100 % of the shares of the cement holding and is looking for investors to subsequently sell all its shares.
"Akhangarancement" ranks second among the enterprises of the cement industry in Uzbekistan in terms of production volume. Since 2006, it has been part of the Russian holding EUROCEMENT group. The Akhangarancement enterprise also includes a building materials and structures plant located in the Sergeli district of Tashkent with a design capacity of about 40,000 m3 of reinforced concrete products per year.
