08/12/2003

ACQUISITION OF CEMENT PLANT IN BULGARIA 

Within the framework of its strategy to expand internationally in cement, TITAN Group announces the signing of the following agreement:

The acquisition of 99,9% of the shares Zlatna Panega Cement AD in Bulgaria from the HEIDELBERG Cement Group of Germany. The Company owns a cement plant close to Sofia, with a production capacity of 1.000.000 MT, and three Ready Mix Concrete plants.

The agreement is subject to the approval of the local antitrust authorities.

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