Cement giant Holcim exits PH after China's Huaxin acquisition deal
Business & EconomyWhat to know
- MANILA, Philippines — Holcim Group is set to leave the Philippine cement market after striking a deal to sell its local unit to China’s Huaxin Building Materials for roughly $807 million, the Swiss-based company confirmed on Sunday. The sale will unfold in two...S1
- Proceeds to fund M&A, further investment in existing business Sale expected to complete in first half of 2027 Biggest disposal since $1 billion Nigeria sale to Huaxin in 2024 Swiss building materials supplier Holcim Group HOLN.S said on Sunday it plans to sell...S2
Timeline · newest first
2mos
Inquirer
Cement giant Holcim exits PH after China's Huaxin acquisition deal
MANILA, Philippines — Holcim Group is set to leave the Philippine cement market after striking a deal to sell its local unit to China’s Huaxin Building Materials for roughly $807 m…
2mos
Interaksyon
Holcim to sell Philippines unit to China’s Huaxin in $807 million deal
Proceeds to fund M&A, further investment in existing business Sale expected to complete in first half of 2027 Biggest disposal since $1 billion Nigeria sale to Huaxin in 2024 Swiss…
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Published Aug 3, 2026
What to know
- MANILA, Philippines — Holcim Group is set to leave the Philippine cement market after striking a deal to sell its local unit to China’s Huaxin Building Materials for roughly $807 million, the Swiss-based company confirmed on Sunday. The sale will unfold in two...S1
- Proceeds to fund M&A, further investment in existing business Sale expected to complete in first half of 2027 Biggest disposal since $1 billion Nigeria sale to Huaxin in 2024 Swiss building materials supplier Holcim Group HOLN.S said on Sunday it plans to sell...S2
Timeline · newest first
Sources · 2 citations
S2
InteraksyonLead
1 report · EN
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