Tycoon Consunji To Buy Cemex's Philippine Cement Business For $305.6 Million
DMCI Holdings, and two other companies controlled by billionaire Isidro Consunji are buying Cemex's Philippine cement business for $305.6 million.
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DMCI Holdings, and two other companies controlled by billionaire Isidro Consunji are buying Cemex's Philippine cement business for $305.6 million.
Diversified conglomerate DMCI Holdings will acquire the local unit of Mexican cement maker, Cemex Holdings Philippines, for $305.6 million or P17 billion after
Cement manufacturing will be a good, strategic addition to our business portfolio," DMCI Chairman Isidro Consunji said in a statement.
Cemex Philippines opens new warehouse in Batangas
DMCI Holdings—controlled by billionaire Isidro Consunji and his family—is in talks to buy Cemex Philippines in a deal valued at $715 billion to diversify into the cement business.