We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Holcim Ltd (PK) | USOTC:HCMLY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.17% | 17.52 | 17.45 | 17.67 | 17.53 | 17.30 | 17.52 | 62,952 | 21:00:16 |
From Jun 2019 to Jun 2024
By P.R. Venkat
San Miguel Corp. said its plan to acquire Holcim Philippines Inc. would no longer proceed as it had failed to secure approval from the Philippine Competition Commission.
The agreement to acquire 85.73% shares of Holcim Philippines from LafargeHolcim Ltd. has now lapsed and the launch of tender offer has been withdrawn, San Miguel said Monday.
LafargeHolcim Ltd. had in May last year said that it had agreed to sell its Philippines unit to San Miguel for an enterprise value of $2.15 billion.
The sale was part of LafargeHolcim's strategy to exit from the Southeast Asian markets. Last year, the Swiss cement maker sold its Indonesia operations to Semen Indonesia (Persero) for $1.75 billion.
San Miguel's acquisition was initially due to close in the fourth quarter of 2019, subject to regulatory approvals.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
May 10, 2020 21:38 ET (01:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Holcim (PK) Chart |
1 Month Holcim (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
