10.10.2008, 09:08
LSR Group Completed Acquisition of Obukhiv Porous Concrete Plant
OREANDA-NEWS On 10 October was announced, that LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), completed the acquisition of 97 percent of the share capital of OJSC Obukhiv Porous Concrete Plant, the largest aerated concrete producer in Ukraine. The plant will form part of Aeroc International AS, the aerated concrete subholding company of LSR Group. The transaction value is RUB 1,175 million (or approx. USD 45 million at the exchange rate of 06 October 2008). The acquisition was approved by the Board of Directors of LSR Group in February 2008.
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