reuters.com

Holcim to Sell Philippines Unit in $807 Million Deal With Huaxin

Holcim Group logoHolcim Group
Sig3.29Sen+2.08Env0.00Soc0.00Gov+0.27

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.

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