The Arbitration Court of Ryazan region confirmed the legitimacy of the purchase of Mikhailovskiy Quarry Management company by Eurocement Group
The Arbitration Court of Ryazan region dismissed the claims by two minority shareholders of Mikhailov Cement who challenged the deal between Mikhailov Cement and Eurocement Group regarding the purchase of 100% of Mikhailovskiy Quarry Management company (Михайловскоe карьероуправлениe) by Eurocement.
“The Court has reached the only right decision,” said Grigory Chernyshov of EPAM representing interests of Eurocement Group The court has confirmed that the claim by minority shareholders against Eurocement had no merit and that their attempt to paralyze the successful operations of the company has failed.