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Titan Cement International N.V. ( (TTCIF) ) has provided an announcement.
Titan Cement International S.A. has announced the sale of its 75% stake in Adocim Cimento Beton Sanayi ve Ticaret A.S. in Türkiye as part of its strategy to align with long-term growth objectives. The transaction, valued at 87.5 million US dollars, is an effort to strengthen Titan’s portfolio and explore reinvestment opportunities, while ensuring operational continuity for stakeholders in the region.
More about Titan Cement International N.V.
TITAN Group is a prominent international company in the construction materials and infrastructure sector, focusing on innovative solutions for sustainable growth. Operating in over 25 countries, primarily in developed markets such as the United States and Europe, TITAN employs over 5,700 people. Known for its commitment to sustainability, the company aims for carbon neutrality by 2050 and is listed on Euronext and the Athens Stock Exchange.
YTD Price Performance: 10.96%
Average Trading Volume: 428
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.44B
Learn more about TTCIF stock on TipRanks’ Stock Analysis page.
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