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. 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 its Philippines business to China’s Huaxin Building Materials 600801.SS in a deal that could raise at philstar.com/">Interaksyon. Key points and original sources are listed below.

• 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