Titan Cement moves to Brussels listing

Titan Cement International SA has submitted a voluntary tender offer for the exchange of all ordinary and preference shares issued by Titan Cement Co with new share of Titan Cement International SA to facilitate the listing of the Titan Group in the Euronext Brussels stock exchange, one of the largest EU stock exchanges, according to a company statement. However, the cement producer will maintain a parallel listing on the Athens Exchange and Euronext Paris.

The step will support its independent, international growth trajectory and “fully reflects the international outlook and footprint of the Titan Group”, said the company. In addition, it provides a broader and deeper investor base and enhances the liquidity of its traded shares. Morover, it broadens the group’s funding sources and improves its access to international debt capital and international banking institutions, enabling it to achieve more competitive financing costs.