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                    [Title] => Alsons okays sale of stake to Union Cement
                    [Summary] => Alsons Cement Corp. said yesterday its board of directors has approved the sale of a controlling stake in the firm to Union Cement Corp., the country’s largest cement firm. 


The sale would allow Swiss firm Holcim, the world’s number two cement group, to consolidate its Philippine interests. Holcim has stakes in Union Cement and holds indirect and direct stakes in Alsons. 


Alsons’ board also agreed to the plan to delist the firm’s shares from the Philippine Stock Exchange after the acquisition, the company said in a statement to the exchange. 


                    [DatePublished] => 2002-09-21 00:00:00
                    [ColumnID] => 133272
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ALSONS AND UNION CEMENT

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                    [ArticleID] => 176825
                    [Title] => Alsons okays sale of stake to Union Cement
                    [Summary] => Alsons Cement Corp. said yesterday its board of directors has approved the sale of a controlling stake in the firm to Union Cement Corp., the country’s largest cement firm. 


The sale would allow Swiss firm Holcim, the world’s number two cement group, to consolidate its Philippine interests. Holcim has stakes in Union Cement and holds indirect and direct stakes in Alsons. 


Alsons’ board also agreed to the plan to delist the firm’s shares from the Philippine Stock Exchange after the acquisition, the company said in a statement to the exchange. 


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abtest

Alsons okays sale of stake to Union Cement

September 21, 2002 - 12:00am

Alsons Cement Corp. said yesterday its board of directors has approved the sale of a controlling stake in the firm to Union Cement Corp., the country’s largest cement firm. The sale would allow Swiss firm...

Business