The Phinma Group of the Del Rosario family has concretized its plan to develop a new cement manufacturing facility in Davao as it inks a deal with the Floirendo-led Anflo Management and Investment Corp. (ANFLOCOR).
Philcement Corp., a unit of conglomerate Phinma Corp., on Tuesday said it signed a share purchase agreement to acquire Petra Cement Inc. Philcement Mindanao Corp., a subsidiary of Philcement, will pay P500 million in exchange for 100 percent of the outstanding shares of Petra, the company said. The transaction is…
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