# Alexandria Development files mandatory tender offer for 1.28% of Alexandria Portland Cement

Alexandria Development Ltd., the main shareholder of Alexandria Portland Cement, has filed a mandatory tender offer to buy up to 5.842 million shares (1.28%) at EGP 6 per share, to reach 100% ownership.

- Type: Acquisition
- Announced: 2020-02-26
- Where: Egypt
- Value: $2.20M (35.1M EGP)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Alexandria Portland Cement](https://endata.com/companies/43487.md) (target)
- [Alexandria Development Ltd.](https://endata.com/companies/45536.md) (acquirer)
- [Titan International Cement](https://endata.com/companies/45537.md) (partner)

## Sources

- [alborsaanews.com](https://alborsaanews.com/2020/02/26/1300626), 2020-02-26: "كشفت هيئة الرقابة المالية، عن إيداع مشروع عرض الشراء الإجباري المقدم من 'الإسكندرية للتنمية المحدودة' المساهم الرئيسي بشركة 'الإسكندرية لأسمنت بورتلاند' لشراء 1.28% من أسهم 'الإسكندرية للأسمنت'."

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