“CEMENT INVEST” ACQUIRED 50% IN “HEIDELBERGCEMENT CAUCASUS”

On November 11, the deal was reported, through which 50% in HeidelbergCement Caucasus was acquired by Cement Invest, founded by Georgian Co-Investment Fund and Hunnewell Partners.

Cost of the transaction made up 115 million EUR, which will be directed on reduction of net debt of the company, HeidelbergCement Caucasus said in the statement.