Sber looking for investor in Eurocement Group
Sber starts a public auction to find a buyer of Eurocement Group shares and for Sber to assign Eurocement Group’s accounts receivable (Assets).
An open and competitive electronic auction is starting on February 18, 2021. Interested companies and entrepreneurs willing to invest their own or someone else’s funds in the Assets are invited to participate. The results of the competitive procedure are scheduled for announcement in early April 2021.
The Auction House of the Russian Federation will organize the competitive procedure and provide an electronic platform to choose an investor and post the participation terms.
This announcement does not constitute an offer to sell or issue, neither is it a recommendation to buy, subscribe, guarantee the placement or otherwise acquire any shares or any securities representing such shares or any other securities, and should not be considered as such. Neither this announcement, nor any part of it, nor the fact of its provision or distribution, constitutes the foundation for any contract, commitment or investment decision, and should not be relied upon in connection with any contract, commitment or investment decision. This message is not addressed to or intended for distribution or use by any person or organization who is a citizen or resident or located in any place, state, country or other jurisdiction where such distribution, publication or use contradicts the requirements of law or where this requires registration or license in any jurisdiction of that kind.