ABOITIZ Equity Ventures Inc. (AEV), the listed holding firm of the Aboitiz family, is putting down P24 billion in investments for its planned acquisition of Lafarge assets to be purchased jointly with construction materials supplier CRH Plc.

In a disclosure to the stock exchange, AEV said it has finally formalized investment agreements with CRH after signing a memorandum of understanding (MOU) in May to jointly acquire the assets of Lafarge Republic Inc., the Philippine unit of global cement giant Lafarge SA.

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