Swiss firm Holcim sells operations in Philippines to Chinese company

The building materials giant Holcim has formalised an agreement with the Chinese company Huaxin Building Materials for the sale of its operations in the Philippines. The entire transaction was valued at a total of $807 million dollars (CHF654 million). According to a statement issued yesterday by the Zug-based group, t

Swiss building materials ‌supplier Holcim Group said on Sunday it plans to sell its Philippines business to China's Huaxin Building Materials in a deal that could raise at least $807 million.

Holcim to sell Philippines unit to China's Huaxin in $807 million deal  Reuters