Greece-based Titan Cement Co. S.A. on Thursday announced a voluntary tender offer, submitted by Titan Cement International S.A., for the exchange of all the ordinary shares and preference shares issued by the former with new shares of the latter.
The purpose of the offer, according to press release issued in the evening, is to facilitate the listing of Titan Group on Euronext Brussels, a major stock exchange in the EU.
The press release notes that in addition to the listing on Euronext Brussels, the offer proposes a secondary listing and admission to trading of all Titan Cement International S.A. shares on the Athens Exchange and Euronext Paris.
