LSR Group completes sale of its cement plant

LSR Group completes sale of its cement plant

OJSC LSR Group (LSE: LSRG; MOEX: LSRG) has completed sale of its cement plant to Eurocement Group: 

LSR Group has completed sale of its cement plant located in Slantsy, the Leningrad region, to Eurocement Group. The buyer acquired full operating control over the facility. The positive effect of the disposal is to be reflected in the company's IFRS accounts for 2014.

Notes to Editors:

OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2013 (according to DTZ), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65,316m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.

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LSR Group Press Service

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Fax: +7 812 458 83 72

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www.lsrgroup.ru