# San Miguel proposes $2.15B acquisition of Holcim Philippines

San Miguel Corp., through subsidiary First Stronghold Cement Industries, proposed to acquire 85.73% of Holcim Philippines for $2.15 billion, but the Philippine Competition Commission raised concerns about reduced competition in the grey cement market.

- Type: Acquisition
- Announced: 2020-01-31
- Where: Philippines
- Value: $2.15B
- Status: announced
- Products: grey cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [bworldonline.com](https://bworldonline.com/corporate/2020/01/31/276288/san-miguel-buyout-of-holcim-worries-competition-watchdog/), 2020-01-31: "The buyout by SMC subsidiary, First Stronghold Cement Industries, Inc., of Holcim Philippines will result in a substantial lessening of competition in the market for grey cement."

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