OREANDA-NEWS. On 21 August 2008 was announced, that a number of investors, some of which represent certain shareholders of OJSC Sibirskiy Cement Holding Company, have acquired a large equity stake in OJSC RTM.

"Certainly, participation of investors related to one of the largest Russian manufacturers of cement and construction materials in the equity capital of OJSC RTM will accelerate the implementation of the existing development projects and will foster regional expansion of new projects of the RTM Group", noted Eduard Vyrypayev, General Director of OJSC RTM. "Uninterrupted access to high quality construction materials on the one hand, and to state-of-the-art construction technologies, on the other hand, as well as vast experience of our companies in implementation of regional projects, will provide for further significant strengthening of the RTM Group's leading position in the area of regional real estate development".

The RTM Group will continue implementing its previously stated development strategy: development of shopping and entertainment centers in Russian regions, management of existing shopping and entertainment centers, and development of new projects — multifunctional complexes and complex territorial development projects.

It is planned that the representatives of the investors will join the OJSC RTM's Board of Directors in order to take part in strategic management of the company.