Titan Agrees to Divest 75% Stake in Adocim Cimento

Deal News | Mar 10, 2025 | CEE Legal Matters

Titan Cement International has entered into a divestment agreement concerning its 75% share in Adocim Cimento Beton, with an evaluation at USD 87.5 million. The deal, which involves selling 50% of the share to Mugla Cimento and the remaining 25% to Yurt Cimento, is subject to regulatory approval. This divestment affects assets in Eastern Turkiye. The transaction was advised by Aydemir, a legal team led by managing partner Ilber Aydemir which included partner Gupse Hatko Aydemir and several associates and trainees. The precise legal and financial conditions of the transaction have not been disclosed beyond the pending approval.

Sectors

Cement and Construction Materials
Legal Advisory

Geography

Turkiye – Adocim Cimento Beton's assets related to the deal are located in the Eastern region of Turkiye.

Industry

Cement and Construction Materials – The article revolves around the divestment of shares in a cement and concrete company, indicating it's within the industry of construction materials.
Legal Advisory – Aydemir's role in providing legal advisory services in the divestment suggests the legal sector's involvement.

Financials

USD 87.5 million – The total value of the divestment deal for Titan's 75% stake in Adocim Cimento Beton.

Participants

Name	Role	Type	Description
Titan Cement International	Selling Company	Company	The company divesting its 75% share in Adocim Cimento Beton.
Mugla Cimento	Acquiring Company	Company	Purchasing 50% of Titan's shares in Adocim Cimento Beton.
Yurt Cimento	Acquiring Company	Company	Purchasing 25% of Titan's shares in Adocim Cimento Beton.
Aydemir & Co.	Legal Advisor	Company	Provided legal advisory services for Titan Cement International's divestment.
Ilber Aydemir	Managing Partner	Person	Lead the legal team advising on the transaction.
Gupse Hatko Aydemir	Partner	Person	Part of the legal advisory team assisting in the transaction.