The listing on the US stock exchange is being prepared by Titan, for its subsidiary Titan America, in order to raise funds that will facilitate the financing of the Group’s future growth and investment opportunities.
The listing is expected to take place on the New York Stock Exchange and will be accompanied by a public offering of a minority interest, commensurate with the usual share offering rate in US IPOs. The process will not impose a tax burden on the Group and is expected to be completed in early 2025.
As reported by the group, Titan America, with sales of $1.6 billion, is a dynamic and fully vertically integrated company, operating in the strongly growing major economic regions of the US East Coast, with presence and leadership in the Florida markets, the Mid-Atlantic states and the New York/New Jersey Metropolitan area.
Read the company’s announcement in detail
Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) announces that it intends to go public, raising funds that will facilitate the financing of the future growth and investment opportunities of the TITAN Group and Titan America.
Titan America, with sales of $1.6 billion, is a dynamic and fully vertically integrated company, operating in the highly developed major economic regions of the US East Coast, with presence and leadership in the markets of Florida, the Mid-Atlantic states and in the New York/New Jersey Metropolitan area.
The listing is expected to take place on the New York Stock Exchange and will be accompanied by a public offering of a minority interest, commensurate with the usual share offering rate in US IPOs. The process will not impose a tax burden on the Group and is expected to be completed in early 2025.
Source: ot.gr
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