# Titan Group buys back IFC minority stake in subsidiaries

The Board of Directors of Titan Cement International SA approved the acquisition from the International Finance Corporation of the minority stakes the latter holds in Titan businesses in Southeast Europe and Egypt.

- Type: Acquisition
- Announced: 2019-11-21
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Titan Cement International](https://endata.com/companies/43420.md)
- [International Finance Corporation](https://endata.com/companies/12849.md) (target)

## Sources

- [worldcement.com](https://www.worldcement.com/europe-cis/21112019/), 2019-11-21: "The Board of Directors of Titan Cement International SA approved yesterday the acquisition from the International Finance Corporation (IFC) of the minority stakes the latter holds in Titan businesses in Southeast Europe and Egypt."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.