# 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.

- Type: Acquisition
- Announced: 2020-01-31
- 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) (partner)
- [LafargeHolcim Group](https://endata.com/companies/19905.md) (partner)
- [Holcim Philippines](https://endata.com/companies/25852.md) (target)
- [First Stronghold Industries](https://endata.com/companies/44924.md) (acquirer)

## Sources

- [gmanetwork.com](https://www.gmanetwork.com/news/money/companies/724363/pcc-flags-san-miguel-holcim-deal-for-potential-monopoly-in-cement-market/story/), 2020-01-31: "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."

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