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Why Sberbank decided to sell $1.4 bln assets of LafargeHolcim Ltd

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Why Sberbank decided to sell $1.4 bln assets of LafargeHolcim Ltd

Sberbank KIB made a decision to sell a large $1.4 bln stake in the Swiss-French LafargeHolcim Ltd company, producing building materials.

Having informed about that, Bloomberg agency reminded that the LafargeHolcim Ltd shares went down by 1.19% at the closure of business on the Stock Exchange on February 3d. On the whole, the share price of LafargeHolcim Ltd has decreased this year by 21%.

That has led to more than $6 bln fall in the company’s market value. On January 21st  Sberbank KIB and its Sberbank PAO subsidiary launched financing of Eurocement Holding AG in the framework of REPO deal on 37.7 mln (6.12%) of the LafargeHolcim Ltd shares.

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