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SMC takes over Holcim for $2.15 bn

SMC takes over Holcim for $2.15 bn

May 12, 2019

FOR THE first time since the influx of foreign players in the 1990s, the country’s largest cement-making enterprise has gone back to Filipino hands following the $2.15-billion deal by conglomerate San Miguel Corp. to take over Holcim Philippines Inc.

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