Philippines: Ang considers Lafarge Republic assets

Philippines: Ang considers Lafarge Republic assets
Published: 04 November 2014

Businessman Ramon S Ang, president of San Miguel Corp and chairman of Eagle Cement Corp, says he is "seriously" looking at the local cement assets Lafarge Republic Inc is planning to sell.

 “We are looking at it. We are seriously looking at it. It will be a big transaction if ever," Ang told local press. He did not specify whether Eagle Cement or San Miguel would be the one interested in acquiring the assets.

San Miguel entered the cement sector last year following the acquisition of a 35 per cent stake in Northern Cement Corp last year. 

Lafarge Republic’s decision to sell its cement assets is part of the planned merger between its parent company and Holcim.