# Consunji Group to acquire Cemex Asian South East Corp. for $305.6M

The Consunji Group, through DMCI Holdings, Semirara Mining and Power Corp., and Dacon Corp., received PCC approval for its $305.6 million acquisition of Cemex Asian South East Corp., which holds an 89.86% stake in Cemex Holdings Philippines. The deal includes cement manufacturing assets in the Philippines.

- Type: Acquisition
- Announced: 2024-08-14
- Where: Philippines
- Value: $305.6M
- Status: announced
- Products: gray ordinary Portland cement, masonry cement, mortar cement, blended cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [DMCI Holdings Inc.](https://endata.com/companies/15768.md) (acquirer)
- [Cemex Holdings Philippines Inc.](https://endata.com/companies/15769.md) (target)
- [Semirara Mining and Power Corp.](https://endata.com/companies/26083.md) (acquirer)
- [Dacon Corp.](https://endata.com/companies/79201.md) (acquirer)
- [Cemex Asian South East Corp.](https://endata.com/companies/79202.md) (target)
- [Cemex Asia B.V.](https://endata.com/companies/79203.md) (partner)

## Sources

- [bworldonline.com](https://bworldonline.com/corporate/2024/08/15/614114/consunjis-305-6-m-cemex-buy-gets-pcc-approval/), 2024-08-14: "The acquisition of CASEC will allow DMCI to venture into the cement industry."
- [cemnet.com](https://www.cemnet.com/News/story/177577/pcc-approves-consunjis-acquisition-of-cemex-philippines.html), 2024-08-15: "We recognise CHP's operational and financial issues, but we are positive that we can turn it around by 2025 because of its ongoing capacity expansion and the clear synergies it brings to our group."

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