THE Consunji Group, through engineering conglomerate DMCI Holdings Inc. and subsidiaries Semirara Mining and Power Corp. and Dacon Corp., said on Tuesday that it had completed the acquisition of Cemex Asian South East Corp. (Casec) from Cemex Asia B.V. for $272 million (about P15.9 billion).
The acquisition gave the group nearly 90-percent of Cemex Holdings Philippines Inc. (CHP), paving the way for an expansion into cement manufacturing.