FILE PHOTO: The logo of LafargeHolcim, the world's largest cement maker, is seen at its headquarters in Zurich, Switzerland March 2, 2017. REUTERS/Arnd Wiegmann
The world’s biggest cement maker announced the sale of its entire 85.7% stake to industrial group San Miguel Corporation in May 2019 and was expected to complete the transaction by the end of 2019. “The PCC did not issue an approval of the transaction within the required time period and consequently the agreement lapsed,” LafargeHolcim said on Monday.
The Swiss company has also quit Indonesia, Malaysia and Singapore, where its businesses together with the Philippines operation were worth $4.9 billion.
Хорошая новость
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American companies spent years in an economic boom. Then the coronavirus hitThe pandemic could cast a long shadow, permanently changing how companies spend money, sell goods and run their businesses. Correction: Then the Government Hit Well the last 4 years, after the shackles were taken of it after obama oppressed it for 8 years.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market crash: Why the worst selling is yet to come, expert says - Business Insider'We'll see the true financial carnage come': A 47-year market veteran warns the fallout from the coronavirus is only halfway finished — and says it'll take decades for the market to carve out new highs If I see another 'head in hands' pic from Wall St I think I'll throw up🤮 No one can predict the future when it comes to stock markets. This will never change. The financial market will recover when we eradicate this pandemic with just a blink of an eye. Now, Be home, health is more expensive than money
Source: BusinessInsider - 🏆 729. / 51 Read more »
Gold prices may sell-off after exuberance wanes, analysts warn - Business InsiderYung-Yu Ma, chief investment strategist at BMO Wealth Management, said gold prices took 'investors on a wild ride'' during the great financial crisis.
Source: BusinessInsider - 🏆 729. / 51 Read more »