Suez Cement launches tender offer for Tourah Portland Cement

Suez Cement, owned by HeidelbergCement France SAS, has launched a mandatory tender offer to acquire up to 100% of the issued capital of Tourah Portland Cement Company at EGP 7.18 per share.

“The Board of Directors of the company decided in its meeting held yesterday September 28th, 2020, to approve the submission of a Mandatory Trade Offer for the acquisition of up to 100% of the issued capital of the Tourah Portland Cement Company.”heidelbergmaterials.eg

• 2 sources
• heidelbergmaterials.egSuez Cement acquiring 100% of Tourah Portland Cement Company’s shares | Heidelberg Materials EgyptSep 29, 2020
• globalcement.comEgyptian Financial Regulatory Authority approves Suez Cement’s Tourah Portland Cement acquisition - Cement Sector News - Global CementGlobal Cement staffOct 19, 2020

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