The local units of cement manufacturers Holcim Ltd. and Lafarge SA (LG) are set to merge as part of the global operational integration that will form what their parent companies expect to be the biggest cement company in the world.

At a special meeting held over the weekend, locally listed Lafarge Republic Inc. (LRI) and Holcim Philippines Inc. agreed to combine their businesses, and in separate disclosures to the Philippine Stock Exchange on Monday, they said their respective boards of directions have approved plans “to explore, study and consider the combination of their businesses.”

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