# 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.

- Type: Acquisition
- Announced: 2020-09-29
- Where: Egypt
- Value: $32.7M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [HeidelbergCement](https://endata.com/companies/20595.md) (investor)
- [Suez Cement Company](https://endata.com/companies/28141.md) (acquirer)
- [Tourah Portland Cement Company](https://endata.com/companies/50216.md) (target)
- [HeidelbergCement France SAS](https://endata.com/companies/50217.md) (investor)

## Sources

- [heidelbergmaterials.eg](https://www.heidelbergmaterials.eg/en/suez-cement-acquiring-100-of-tourah-portland-cement-companys-shares), 2020-09-29: "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."
- [globalcement.com](https://www.globalcement.com/news/12169-egyptian-financial-regulatory-authority-approves-suez-cement-s-tourah-portland-cement-acquisition), 2020-10-19: "The Financial Regulatory Authority (FRA) has approved HeidelbergCement and Simon France subsidiary Suez Cement’s mandatory tender offer (MTO) for acquisition of a 100% stake in Egyptian Tourah Portland Cement for US$32.7m."

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