Swiss cement group Holcim says it will exit the Philippine market by selling its local business to China’s Huaxin Building Materials in a deal valued at about $807 million. Holcim will transfer an initial 67.623% stake to Huaxin for about $527 million, with Holcim avoiding an upfront payment of the full purchase price. The transaction is structured in two phases: Huaxin will acquire the majority stake first, and Holcim will later divest its remaining roughly 31% stake. The later sale is planned over the next three to five years and is expected to bring at least $280 million, subject to agreed terms and potential valuation increases based on incremental performance. The companies describe the proceeds as funding M&A and further investment in Holcim’s existing business. Holcim also indicates the disposal is expected to be completed in the first half of 2027. The announcement follows Holcim’s broader strategy of asset sales, including a prior, separate transaction involving Huaxin in Nigeria in 2024.
Holcim to sell its Philippine business to Huaxin in about $807 million deal
Swiss cement group Holcim says it will exit the Philippine market by selling its local business to China’s Huaxin Building Materials in a deal valued at about $807 million. Holcim will transfer an ini...
- Holcim agrees to sell its Philippine business to China’s Huaxin Building Materials in a deal valued at about $807 million.
- Huaxin will initially buy a 67.623% majority stake for about $527 million.
- Holcim will sell its remaining roughly 31% stake in a second phase over the next three to five years for at least $280 million.
- The transaction is expected to complete in the first half of 2027.
- Proceeds are described as supporting M&A and further investment in Holcim’s existing business.
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 phases. Huaxin, based in Wuhan, will first acquire a 67.623-percent majority stake […]...Keep on reading: Cement giant Holcim exits PH after China's Huaxin acquisition deal
2 hours agoProceeds 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 […] The post Holcim to sell Philippines unit to China’s Huaxin in $807 million deal appeared first on Interaksyon.
3 hours agoMANILA, Philippines — Switzerland-based cement giant Holcim Group is selling its Philippine business to China’s Huaxin Building Materials in a deal valued at about $807 million, the company announced on Sunday. Holcim will sell an initial 67.623-percent stake to the Wuhan-based company for $527 million, avoiding an upfront payment of the full purchase price. Then, the Swiss firm will divest its remaining roughly 31-percent stake over the next three to five years for a minimum of $280 million. READ: Holcim PH dominant investor offers to buy out minority at P5.33 a share Additionally, the valuation may also increase “based on incremental […]...Keep on reading: Holcim selling Philippine unit for $807M
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