Suez MTO for 100% of Tourah Cement kicks off today

Shareholders in Portland Tourah Cement Company (Tourah Cement) will be able to subscribe to a mandatory tender offer by parent company Suez Cement starting today, the EGX said. The offer, which targets 20.075 mn shares at EGP 7.12 apiece, will expire on 19 November. Subscribed shares will then be transferred to Suez within five working days.