Titan Cement

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.

Titan Cement's subsidiary Titan America SA agreed to acquire Keystone Cement Company, a Pennsylvania-based cement manufacturer and aggregates producer, for $310 million. The deal includes an integrated cement plant in Lehigh Valley with a clinker production capacity of 990,000 short tons per year.