Holcim to Sell Philippines Unit in $807 Million Deal With Huaxin
Holcim will sell an initial 68% stake in its Philippines unit to China’s Huaxin for $527 million, with the remainder sold over the next three to five years for at least $280 million, valuing the business at $807 million. Completion is expected in the first half of 2027, and proceeds will fund acquisitions and investment as Holcim reshapes its portfolio.