IN BRIEF: Holcim to divest Philippines business for USD807 million

2. Aug 2026

(AWP Alliance News) - Holcim AG - Zug, Switzerland-based building materials company - Signs agreement with Wuhan, China-based Huaxin Building Materials Group Co Ltd for the divestment of its business in the Philippines. The overall transaction valuation is USD807 million. Holcim will sell an approximately 68% stake for USD527 million and the deal also outlines plans for Holcim to exit its remaining interest of around 31% within a three to five year timeframe, with a minimum floor price of USD280 million. "Holcim can benefit from additional cash upside based on incremental value creation during this period," Holcim comments. The company expects the divestment of its majority stake to close in the first half of 2027, subject to customary and regulatory approvals.

Current stock price: CHF73.34

12-month change: up 13%

By Elijah Dale, Alliance News senior reporter Asia-Pacific

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