PCC prepares review of SMC-Holcim deal

Conglomerate San Miguel Corporation acquired Holcim Philippines from Lafarge Holcim Ltd., Europe’s largest cement maker. The Lafarge said that Holcim received a number of offers, but SMC gave the best option to further grow the business. The Philippine Competition Commission is now ready to start the review of the $2.15 billion acquisition of Holcim Philippines by SMC.

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