19/10/2009
ANNOUNCEMENT
Following a recent article in the Egyptian press, Titan Group ( Titan ) announces that, given the steadily increasing importance of its investment in Egypt, it is exploring the possibility of a sale of a minority stake of its Egyptian operations to an investor, who would add value to the business.
Reaching a relevant agreement will greatly depend on the level of the offered consideration and the capacity of any potential minority shareholder to add value.
If and when any such agreement is reached, Titan will promptly proceed to a relevant announcement.