MOSCOW, June 5 - RAPSI. The Supreme Commercial Court's presidium has remanded for review the case over the return of a first installment in equity worth 50 million euros to the Siberian Cement company, the court told the Russian Legal Information Agency (RAPSI).
French-based Ciments Francais requested the Supreme Commercial Court to review the Kemerovo regional Commercial Court's decision. The court upheld The Financial-Industrial Sibkonkord Union's claim against Siberian Cement, Ciments Francais and Turkish-based Istanbul Cimento Yatirimlari. The plaintiff sought to cancel a share purchase contract and also to oblige Ciments Francais to return 50 million euros to Siberian Cement.