OOO Mikhailovsky Combine of Building Materials (MKSM) has closed the deal to buy shares of the parent company and the debt of the EUROCEMENT Group of Companies from Sberbank. MKSM won in the framework of a competitive request for proposals held on the electronic site of the Auction House of the Russian Federation. The deal amounted to RUB 161 billion.
EUROCEMENT Group is a holding with great potential, and our team has the experience and knowledge that will help to realize it. Innovations in production and effective environmentally friendly solutions will allow the company to become a modern and technological leader in the industry, capable of ensuring the development of the most ambitious infrastructure projects,” stated Vyacheslav Shmatov, the new president of EUROCEMENT Group.
The purchase of shares in the parent company and the debt of EUROCEMENT Group of Companies became a unique transaction on the Russian market in terms of size and structure, carried out in an open and transparent market procedure, in which participants took more than 40 steps to increase the offer price. Leading consulting companies took part in structuring the deal at various stages of its preparation: KPMG M&A Russia, Deloitte, PwC, EY, Bryan Cave Leighton Paisner, etc.
