Paris-based Ciments Francais — a unit of Italcementi Group — announced the results of the tender offer for ordinary shares of its subsidiary Halyps Building Materials quoted on the Athens stock exchange. Halyps is the third-largest Greek cement manufacturer, after Herakles and Titan. 808,139 ordinary shares have been bought to the offer. Ciments Francais also acquired 27,849 shares sold at an auction of non-dematerialized shares held from June 26 until June 29. This raises Ciments Francais' shareholding to more than 18.4 million shares, or 99.25% of the ordinary share capital as of September 2.

Additionally, Ciments Francais acquired 207,902 preferred shares on the market and nearly 8000 shares sold at an auction, which raises the company's shareholding to nearly 2.86 million shares, or 95.84% of the preferred share capital as of September 2.

Ciments Francais said that, owned more than 95% of both classes of shares, it will initiate the procedure for delisting of the Halyps shares from the Greek stock exchange.

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