Listed Holcim Philippines Inc. is no longer for sale after San Miguel Corp.’s $2.15-billion bid to take over the company fell through, according to its top executive on Wednesday. Holcim is also hopeful of overcoming the challenges posted by the coronavirus disease 2019 (Covid-19) pandemic. Holcim Philippines Chairman Tomas Alcantara said the firm’s strong financial performance in 2019, completed capacity expansion projects, and efficiency improvements in industrial and logistics operations would help sustain it moving forward. “Being a member of one of the world’s leading building-materials providers is a source of strength during these times. Holcim shares decreased by 23 centavos or 4.2 percent to close at P4.25 each on Wednesday.

Source: Manila Times July 23, 2020 01:52 UTC