Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Holcim has agreed to sell a nearly 68% stake in its Philippines business to China's Huaxin Building Materials for USD 527 million as part of its ongoing portfolio optimisation strategy. The transaction is expected to be completed in the first half of 2027, subject to regulatory approvals and customary closing conditions. The agreement also provides Holcim with an option to exit its remaining stake within three to five years for at least USD 280 million, while allowing it to benefit from potential additional value during that period. The company had recently raised its 2026 organic sales growth outlook following an improvement in housing construction activity.
Swiss building materials company Holcim has entered into an agreement to sell a nearly 68% stake in its Philippines business to China's Huaxin Building Materials for USD 527 million, according to a Reuters report.
The company said the transaction is expected to be completed in the first half of 2027, subject to the fulfilment of customary conditions and required approvals.
As part of the agreement, Holcim has also secured a structured exit for its remaining stake in the Philippines business. The arrangement allows the company to sell its balance holding within the next three to five years at a minimum value of USD 280 million. Holcim also indicated that it could receive additional financial upside depending on the business' performance during that period.
The proposed sale is part of Holcim's broader strategy of actively managing its global portfolio while focusing on markets and businesses that align with its long-term growth plans. Over the past few years, the company has continued to reshape its operations through acquisitions and divestments to strengthen its presence in higher-growth and higher-margin segments.
The announcement comes after Holcim recently revised its outlook for 2026. The company said housing construction activity had shown signs of recovery and, as a result, increased its forecast for organic sales growth this year to 5%, compared with its earlier guidance of 3% to 5%.
Huaxin Building Materials, one of China's leading cement and building materials manufacturers, has been expanding its international presence through acquisitions in recent years. The acquisition of Holcim's majority stake in its Philippines unit is expected to further strengthen Huaxin's footprint in Southeast Asia.
Source Reuters
Advertisement
Facebook
Whatsapp
