Türkiye: Titan Cement has agreed to sell its 75% stake in Adocim Cimento Beton to Mugla Cimento (50%) and Yurt Cimento (25%) for US$87.5m. The assets include a cement plant, terminal and related infrastructure in eastern Türkiye.
The transaction is expected to close in the second quarter of 2025, subject to regulatory approval. Titan Cement will retain its grinding and supplementary cementitious materials assets in other parts of the country.
