Holcim to Exit Business Operations in the Philippines

Holcim has entered into an agreement with Huaxin Building Materials to divest its business in the Philippines. The transaction involves an initial sale of Holcim's 67.623% stake for USD 527 million. A structured plan outlines the divestment of the remaining approximately 31% stake over three to five years, with a minimum floor price of USD 280 million. This establishes a total valuation of USD 807 million.

The transaction awaits customary and regulatory approvals, with the sale of the majority stake anticipated to close in early 2027. Holcim may gain additional cash from value creation during the transition phase.