Philippines: Ang seriously looking into acquisition of Lafarge's cement plants

In the Philippines, businessman Ramon Ang is said to have announced that he is giving serious consideration to the acquisition of Lafarge Republic cement plants. Ang did not mention if either Eagle Cement or San Miguel were showing interest in buying the local assets of Lafarge. Ang, who is Eagle Cement's chairman and San Miguel's president, is reported as saying that they are seriously assessing the planned acquisition and it will be a huge transaction if it happens. The assets that are planned to
November 6, 2014 Read time: 1 min

In the Philippines, businessman Ramon Ang is said to have announced that he is giving serious consideration to the acquisition of 725 Lafarge Republic cement plants.

Ang did not mention if either Eagle Cement or San Miguel were showing interest in buying the local assets of Lafarge.

Ang, who is Eagle Cement's chairman and San Miguel's president, is reported as saying that they are seriously assessing the planned acquisition and it will be a huge transaction if it happens.

The assets that are planned to be sold by Lafarge include Fortune Cement in Batangas' Taisan; FR Cement in Rizal's Teresa; Asturias Cement in Cebu; Continental Cement and Republic Cement in Bulacan, and a cement company previously called Durano Cement in Cebu.

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