By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE) – World’s building materials and cement producers, LafargeHolcim on Tuesday said Sberbank of Russia has disclosed it holds through a repurchase transaction with Eurocement Holding AG, 6.12 percent of the voting rights and of the registered share capital of LafargeHolcim Ltd.
“This corresponds to 37,172,910 registered shares and voting rights. According to the declaration of Sberbank of Russia, the Stock Exchange Act threshold of 5 percent was exceeded on January 21, 2016,” LafargeHolcim said in an e-mailed statement.
The world building materials and cement producers says the action is in accordance with Article 20 of the Federal Act on Stock Exchanges and Securities Trading (Stock Exchange Act).