Titan completes successful share exchange tender for Euronext and Athens listings

Titan Cement Co SA has announced the successful voluntary share exchange tender offer submitted by Titan Cement International SA to the shareholders of Titan Cement SA.

The tender acceptance rate of 90 per cent was exceeded with 93 per cent acceptance rate for the ordinary shares and 92.3 per cent for the preference shares. Titan Group will be listed through Titan Cement International SA on Euronext Brussels, the Athens Exchange and Euronext Paris on 23 July 2019.

"The listing of TITAN Group, through TITAN Cement International SA, on Euronext Brussels, the Athens Exchange and Euronext Paris, marks one more important milestone in TITAN's over 100 years' growth, which, starting its operations in Greece in 1902 has expanded beyond its Greek roots to become an international company. Our goal is to continue strengthening our international footprint and to always operate with respect towards people, society and the environment, said Dimitri Papalexopoulos, CEO of Titan.