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Holcim agreed to divest its Philippine business to China's Huaxin Building Materials for $807 million. Huaxin will initially acquire a 67.62% stake for $527 million, with Holcim exiting its remaining stake over three to five years. The initial sale is expected to complete in the first half of 2027.
“Holcim has agreed to divest its business in the Philippines to China's Huaxin Building Materials in a transaction valued at US$807m.”cemnet.com
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