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Thursday 29 October
🌐 World · English ▾
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Cement giant Holcim exits PH after China's Huaxin acquisition deal

Business & Economy

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
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…

Cement giant Holcim exits PH after China's Huaxin acquisition deal

2 outlets 2 reports

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

S1 Inquirer 1 report · EN
S2 InteraksyonLead 1 report · EN