International Cement Group Ltd. (SGX:KUO) entered into a sale and purchase agreement to acquire an additional 15% stake in Sharcem LLP from Nurzhan Shakirov for $17 million on September 22, 2022. Prior to the transaction, Nurzhan Shakirov owns 40% stake in Sharcem. Following the transaction, International Cement Group will hold 75% stake in Sharcem. The Completion is expected to take place by October 31, 2022.

International Cement Group Ltd. (SGX:KUO) completed the acquisition of 15% stake in Sharcem LLP from Nurzhan Shakirov on November 22, 2022.