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…
Related stories
Business & Economy
Business & Economy
Bausch Health (BHC) Q3 2026 Earnings Call Transcript
2 outlets
1h
Developing
Samsung Reports Record-Breaking Profit Amid AI Chip Demand
3 outlets
3h
United States
United States · Business & Economy
DXP Enterprises, Inc. Launches New Share Repurchase Program
2 outlets
6h
Business & Economy
Developing
Q3 2026 Earnings Highlights Across Diverse Industries
3 outlets
6h
2 outlets
2 reports
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
Related stories
Business & Economy
Business & Economy
Bausch Health (BHC) Q3 2026 Earnings Call Transcript
2 outlets
1h
Developing
Samsung Reports Record-Breaking Profit Amid AI Chip Demand
3 outlets
3h
United States
United States · Business & Economy
DXP Enterprises, Inc. Launches New Share Repurchase Program
2 outlets
6h
Business & Economy
Developing
Q3 2026 Earnings Highlights Across Diverse Industries
3 outlets
6h