San Miguel unit to buy 85.7% stake in Holcim Philippines

San Miguel Corp., through unit First Stronghold Cement Industries, agreed to acquire an 85.7% stake in Holcim Philippines Inc. from LafargeHolcim Ltd, with a total enterprise value of $2.15 billion.

“San Miguel Corp. agreed to acquire an 85.7% stake in Holcim Philippines Inc. in a deal that would help tycoon Ramon Ang expand his cement business.”bloomberg.com

• 4 sources
• bloomberg.comSan Miguel Unit to Buy 85.7% of LafargeHolcim's Philippine Unit - BloombergDitas B LopezMay 10, 2019
• nationthailand.comSMC takes over Holcim for $2.15 bnMay 12, 2019
• gmanetwork.comPCC reminds San Miguel, Holcim of merger notification requirement | GMA News OnlineTED CORDERO, GMA NewsMay 24, 2019
• philstar.comVital deal | Philstar.comMary Ann LL. ReyesJun 1, 2019

Summarized from public sources; check the original articles before acting on it.