# 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.

- Type: Acquisition
- Announced: 2019-05-01
- Where: Philippines
- Value: $2.15B
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [San Miguel Corp](https://endata.com/companies/5541.md) (acquirer)
- [LafargeHolcim Group](https://endata.com/companies/19905.md) (partner)
- [Holcim Philippines](https://endata.com/companies/25852.md) (target)
- [First Stronghold Cement Industries](https://endata.com/companies/38835.md) (acquirer)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2019-05-10/san-miguel-unit-to-buy-85-7-of-lafargeholcim-s-philippine-unit), 2019-05-10: "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."
- [nationthailand.com](https://www.nationthailand.com/international/30369235), 2019-05-12: "By and large, SMC becomes a proxy of this economy."
- [gmanetwork.com](https://www.gmanetwork.com/news/money/companies/695538/pcc-reminds-san-miguel-holcim-of-merger-notification-requirement/story/), 2019-05-24: "San Miguel entered into a definitive agreement through its wholly-owned subsidiary, First Stronghold Cement Industries Inc., with companies controlled by LafargeHolcim Ltd. for the purchase 5,531,566,062 common shares or 85.7 percent equity interest in cement maker Holcim Philippines for $2.15 billi"
- [philstar.com](https://www.philstar.com/business/2019/06/02/1922807/vital-deal), 2019-06-01: "Expect a major change in market dynamics following the acquisition by the San Miguel Corp. (SMC) group of an 85.7 percent stake in Holcim Philippines, the local arm of Switzerland-based LafargeHolcim Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.