) has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world’s biggest cement maker said on Monday.
“With today’s unprecedented global health crisis, the world has changed dramatically,” LafargeHolcim said of its strategy switch. It also had ample liquidity to cover its obligations with 8 billion francs in cash and unused committed credit lines, it added. LafargeHolcim announced the sale of its entire 85.7% stake to industrial group San Miguel in May 2019 and was expected to complete the transaction by the end of 2019.
i am very HOOOORNY, please accompany me to sleep? 🤷
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LafargeHolcim's deal to sell Philippines business collapsesLafargeHolcim's deal to sell its Philippines business, valued at $2.15 billion, has failed after the country's competition authority did not give approval in time. Хорошая новость
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