From the quarterly report of Sberbank, a state-owned Russian banking and financial services company, it came to light that the company is looking for investors to subsequently sell them shares in EUROCEMENT group. Sberbank, in agreement with the previous beneficiary, has consolidated 100 % of the shares of the parent company of this group — GFI Investment Limited. As of September 30, 2020, the assets of EUROCEMENT group amounted to RUB 79.2 billion.
In Q3 2020 Sberbank reported a net profit of RUB 271.4 billion in accordance with international financial reporting standards (IFRS).
EUROCEMENT group is an international industrial holding, a leader in the production of building materials in Russia. EUROCEMENT group is one of the largest private world cement companies, uniting 19 cement plants in Russia and abroad, as well as plants for the production of concrete, reinforced concrete products, quarries for the extraction of nonmetallic materials.
The design capacity of the holding's enterprises is over 60 million tons of cement and over 11 million m3 concrete. The raw materials deposit volumes are over 5.5 billion tons.
