Issue-plagued Holcim calls it quits

By Ben Kritz

May 15, 2019 12:32 am

SMC unit buys out troubled cement giant, ending weeks of speculation

A unit of listed conglomerate San Miguel Corp. (SMC) has agreed to acquire a controlling stake in Holcim Philippines Inc. (HPI), the country’s largest cement manufacturer, in a deal worth $2.15 billion.

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