Seacem sells entire stake in Lafarge Republic, Philippines

Seacem sells entire stake in Lafarge Republic, Philippines

Southeast Asia Cement Holdings Inc (Seacem) has sold its entire stake in listed affiliate Lafarge Republic Inc worth PHP11.32bn (US$227.9m). The stake has been sold as part of the company's bid to raise cash and improve the firm's financial position amid the likely entry of a new investor, Seacem said in a disclosure.