Intention to list TITAN America in the US equity market
Published by Evie Gardner,
Editorial Assistant
World Cement,
Titan Cement International SA (Euronext Brussels, Euronext Paris and ATHEX, 'TITC') announces its intention to proceed with the IPO of its US business, raising funds that will facilitate the group’s and Titan America’s future growth and unlock new opportunities.
Titan America, a US$1.6 billion sales business, is a leading and fully integrated player in the high-growth economic mega-regions of the US East Coast, with operations and leading market positions across Florida, the Mid-Atlantic, and Metro New York/New Jersey.
The listing is anticipated to take place on a stock exchange in New York and will be accompanied by an IPO of a minority stake, consistent with the typical percentage of company stock sold in US IPOs, without creating any incremental tax burden. The transaction is anticipated to be completed in early 2025.
Click here for free registration to World Cement
Read the article online at: https://www.worldcement.com/the-americas/13052024/intention-to-list-titan-america-in-the-us-equity-market/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
