San Miguel's First Stronghold to acquire 85.7% of Holcim Philippines for $2.15B

San Miguel Corp. subsidiary First Stronghold Industries Inc. plans to acquire 85.7% equity interest in Holcim Philippines Inc. for $2.15 billion. The Philippine Competition Commission raised antitrust concerns over the deal.

“The PCC said its Mergers and Acquisitions Office (MAO) had flagged competition concerns in San Miguel subsidiary First Stronghold Industries Inc.'s planned purchase of 85.7 percent equity interest in Holcim Philippines.”gmanetwork.com

• 1 source
• gmanetwork.comPCC flags San Miguel-Holcim deal for potential monopoly in cement market | GMA News OnlineTED CORDERO, GMA NewsJan 31, 2020

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