The Consunji Group is entering the cement manufacturing industry through the acquisition of Cemex Asian South East Corp. (CASEC), the majority owner of listed Cemex Holdings Philippines Inc. (CHP), for $305.6 million.
DMCI Holdings Inc. of the Consunji family, along with its parent firm Dacon Corp. and Semirara Mining and Power Corp., signed a share purchase agreement Thursday with Cemex Asia B.V. to acquire its 42,140,266 common shares in CASEC.
“Cement...
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