# Alexandria Development's MTO for 1.28% of Alexandria Portland Cement approved by FRA

The Financial Regulatory Authority approved Alexandria Development's mandatory tender offer to purchase 1.28% of Alexandria Portland Cement at EGP 6 per share, part of a process to delist the company after Titan's indirect acquisition.

- Type: Acquisition
- Announced: 2020-04-15
- Where: Egypt
- 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)
- [Titan Cement](https://endata.com/companies/45476.md) (acquirer)
- [Alexandria Development Ltd.](https://endata.com/companies/45536.md) (acquirer)

## Sources

- [enterprise.press](https://enterprise.press/stories/2020/04/15/fra-approves-alexandria-developments-purchase-of-1-28-of-alexandria-portland-cement-14687/), 2020-04-15: "FRA approves Alexandria Development’s purchase of 1.28% of Alexandria Portland Cement"

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