Cement giant Holcim Philippines Inc. on Tuesday finally sealed the acquisition of some P3.095 billion in assets of Lafarge Republic Inc., in a bid to stock up Lafarge within the company for synergies in line with the global merger of two largest cement manufacturers.
In a series of disclosures filed to the stock exchange, Holcim said that the firm -- together with its unit Holcim Mining and Development Corp. -- would execute the acquisition of its eyed assets and subsidiaries of Lafarge.
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