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CEMEX divests assets in Philippines

CEMEX divests assets in Philippines
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Stock-Market Outlook | VG Cabuag

Last week Share prices bounced back last week as tensions in the Middle East eased, but a “high-for-longer” interest rates could dampen investors’ appetite. The benchmark Philippine Stock Exchange index gained 185.75 points, or 2.88 percent, to close at 6,628.75 points.  The main index was up all week long, as… ....

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Consunji Group adds cement manufacturing to biz portfolio

THE Consunji Group has signed a purchase agreement with Cemex Asia B.V. to acquire its entire stake of 42.14 million common shares in Cemex Asian South East Corp. (CASEC) for $305.6 million. CASEC is the majority shareholder of Cemex Holdings Philippines Inc. (CHP), which owns 89.86 percent of its outstanding… ....

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