Mergers & AcquisitionsMediumUpdated•Originally published 2 August 2026•Updated 2 August 2026•
1 min read
Holcim sells nearly 68% Philippines stake to Huaxin for $527 million
Key Facts
1Holcim said it will sell a nearly 68% stake in its Philippines business to China's Huaxin Building Materials for $527 million.
In 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.