Mikhaylov Construction Materials Plant to acquire Eurocement Group from Sberbank for $2.2bn.

Mikhaylov Construction Materials Plant to acquire Eurocement Group, an international industrial holding company and Russia's leading producer of construction materials, from Sberbank, a state-owned Russian banking and financial services company, for $2.2bn. The transaction is unprecedented for the Russian market. It has been closed through an open and transparent market procedure during which its participants raised their bids over 40 times.