Azerbaijan: EBRD sells stake in cement plant

The European Bank for Reconstruction and Development (EBRD) has sold its stake in Holcim Azerbaijan (Garadagh Cement Plant) to one of the shareholders, spokesman for EBRD, Anton Usov, declared. The EBRD shares in Holcim Azerbaijan (10%) was sold to LafargeHolcim, he added. Usov refused to disclose the amount of the deal, mentioning the confidentiality of…