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Another Russian company faces nationalization threat in Uzbekistan. [IntelliNews - Weekly Reports](IntelliNews - Weekly Reports Via Acquire Media NewsEdge) Eurocement is facing a threat of losing its assets in Uzbekistan, Eurocement's president Mikhail Skorokhod hast told "Interfax". An Uzbek court granted a suit brought by Uzbekistan's State Competition Company to invalidate the privatization of JSC Akhangarancement that was made 20 years ag. Eurocement bought 75% in JSC Akhangarancement on secondary market in 2006. Skorokhod disclosed that few months ago a spot checking involving nearly 20 organizations had begun at the company's assets. However, despite the unprecedented scale of inspection nothing was found, he added. Eurocement is the third Russian company that is risking losing its assets in Uzbekistan after Wimm-Bill-Dann Foods and mobile operator MTS. (c) 2014 Emerging Markets Direct Media Holdings LLC Provided by SyndiGate Media Inc. (Syndigate.info). |