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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a transaction that reshapes ownership of building-materials operations in the Philippines, Holcim is giving up majority control of its local business. Holcim said it will sell a nearly 68% stake in its Philippines business to China's Huaxin Building Materials. The transaction is valued at $527 million, the company said.
The deal represents Holcim's divestment of majority control in its Philippine business to Huaxin. Reports did not provide further details on the transaction's strategic rationale, earnings impact, or planned use of proceeds. HCMLF closed at $93.11 on 2026-07-31, per market data.