Nassef Sawiris of NNS Holdings increases stake in TXI

NNS Holdings disclosed on July 18 that it has boosted its stake in Texas Industries, which is known as TXI, to 14.9%, or 4.1 million shares, from the 8% stake, or 2.2 million shares, it reported on April 23. NNS Holding first publicly disclosed its stake in TXI in October 2006. NNS is controlled by Naseef Sawiris, the chief executive officer of Egypt-based contractor and cement producer Orascom Construction.

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