Ukraine: Kading to acquire majority of System Cement

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Updated Tue, 03 Feb 2015 14:43:53 GMT

Mining company Kading Companies has signed an agreement to acquire 70% of Ukrainian cement producer, System Cement Group (SCG). System Cement owns 100% of SCG, which is located in Vinnitsa, Ukraine. Kading said that its next objective would be to produce consolidated audited financial statements. Terms of the deal were not disclosed.

Kading Companies is focused on mining operations that are producing or can be producing within six months of acquisition. Kading is focused on a global basis, with its initial emphasis in South America, West Africa and now Ukraine.