Titan Cement to acquire IFC's minority stakes in Egypt and Southeast Europe for EUR 81.8M

Titan Group agreed to acquire the International Finance Corporation's minority stakes in all of Titan's subsidiaries in Egypt and Southeast Europe for EUR 81.8 million, including IFC's 17.28% stake in Alexandria Development Ltd., which holds 88.93% of Alexandria Portland Cement.

“Cement producer Titan Group has agreed to acquire the International Finance Corporation’s minority stakes in all of Titan’s subsidiaries in Egypt and Southeast Europe in a EUR 81.8 mn transaction.”enterpriseam.com

• 2 sources
• enterpriseam.comTitan Cement to acquire IFC stakes in Egypt, Southeast Europe businessesNov 25, 2019
• enterpriseam.comTitan Group agrees to launch MTO for 100% of Alexandria CementDec 9, 2019

Summarized from public sources; check the original articles before acting on it.