Sberbank has appealed to the Russian Federal Antimonopoly Service for approval in its bid to receive a 51 per cent stake in Iskitimcement, the largest cement producer in the Novosibirsk Province with an annual production capacity of 1.8 mt. The bank reportedly plans to receive shares currently owned by the RATM holding as a part of Iskitimcement’s debt restructuring. Iskitimcement owes Sberbank approximately Rub 3bn (Euro 75m). In 2010, Iskitimcement produced 1.4 mt of cement. According to reports, Maksstroy, an affiliate of the Russian Rosenergomash, bought a 25.5 per cent stake in Iskitimcement from the Russian Federal Property Fund in December 2010, paying Rub 645mn (Euro 15.5mn).