Ghana news briefing
Holcim to sell Philippines unit to China’s Huaxin in $807 million deal
The Swiss company has been focusing more on Europe, Latin America, North Africa and Australia as it reshapes its business after spinning off its North American operations into a separate company last year.
Swiss building materials supplier Holcim Group said on Sunday it plans to sell its Philippines business to China's Huaxin Building Materials in a deal that could raise at least $807 million.95 billion) to spend on acquisitions up to 2030, and could raise up to 6 billion Swiss francs more from divestments and extra borrowing for large deals and share buybacks.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
