Holcim has signed an agreement with Huaxin Building Materials for the divestment of its business in the Philippines (Photo: Davao plant). The transaction involves the initial sale of a 67.62 % stake for USD 527 million. Following the sale of this majority stake, the transaction’s structure entails the exit of Holcim’s remaining ~31% stake within a three-to-five-year period, secured by a minimum floor price of USD 280 million. This leads to an overall valuation of USD 807 million. Holcim can benefit from additional cash upside based on incremental value creation during this period. The divestment of the majority stake is expected to close in the 1H of 2027, however it is subject to customary and regulatory approvals.