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Holcim, LaFarge pick local units to combine or sell off before merger

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ASIDE from safety, Holcim Philippines is also concerned about the environment. It developed a sustainable environmental project for its La Union plant that involved improving the coastal villages’ sea urchin harvesting trade in 2009, as well as a reforestation program to protect their shores.

In line with the $40-billion merger plan of global cement giants Holcim and LaFarge, their Philippine units are mapping out which local businesses to combine and which redundant assets to be auctioned off.

Posted: July 7th, 2014 in Latest Business Stories | Read More »

NextStage aborts merger plan

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Holding firm NextStage Inc. has aborted plans to merge with coconut-based vodka producer VuQo Inc. given restrictions on private placements among companies joining the bourse through backdoor listing.

Posted: February 7th, 2014 in Headlines | Read More »

Fiat strikes deal for full merger with Chrysler

A combo of file images shows the logos of Italian car manufacturer Fiat and US automobile heavyweight Chrysler. AFP FILE PHOTO

Italian carmaker Fiat said on Wednesday it had agreed to buy up the remainder of Chrysler in an historic $3.65-billion (2.66-billion-euro) deal, paving the way for a full merger that will create a new global auto giant.

Posted: January 2nd, 2014 in Latest Business Stories,Photos & Videos | Read More »

PH fashion brands merge

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Homegrown apparel brands Bayo and UnicaHija have agreed to merge their businesses to increase operational efficiency, accelerate customer and product expansion, and price their offers more competitively for the Philippine market.

Posted: October 11th, 2013 in Headlines | Read More »

Allied stockholders to get new PNB shares at P70 each

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Taipan Lucio Tan-led Philippine National Bank plans to offer new shares to all stockholders of Allied Bank at P70 a piece pursuant to the merger between the two banks through a share-swap arrangement.

Posted: August 16th, 2013 in Headlines | Read More »

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