Philippines: Holcim has agreed to sell its Philippine operations to China-based Huaxin Building Materials in a multi-stage transaction valuing the company at US$807m. Under the terms of the agreement, Holcim said that it will initially sell a 67.6% controlling stake to Huaxin for US$527m, with the remainder to be sold over the next three to five years for a minimum price of US$280m. Holcim said that the overall valuation could rise ‘based on incremental value creation during this period.’
The initial sale of the majority stake is expected to close in the first half of 2027, subject to customary closing conditions and regulatory approvals. The money raised from the sale of the Philippines business will be used to fund large acquisitions and further investment in Holcim's existing business.
Holcim owns a minority share in Huaxin Building Materials and describes it as a joint-venture. In its annual report for 2025, it stated that it had an effective participation of just under 42% in the company.
