holcim

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Holcim is selling its Philippine unit to Chinese company Huaxin for $807 million as part of its strategic exit from the Philippines.

Holcim, a global cement company, is selling its Philippine unit to China's Huaxin for $807 million. This deal marks Holcim's exit from the Philippine market several years after its delisting from the Philippine Stock Exchange. The transaction highlights a strategic divestment by Holcim and illustrates China's growing investment presence in the region. This move is significant for the cement industry in the Philippines and reflects broader trends in market consolidation and foreign investment.