A stock exchange filing on Wednesday showed that Consunji Group firms DMCI Holdings, Dacon Corporation, and Semirara Mining and Power Corporation were cleared on August 13, 2024, to jointly acquire Cemex Asian South East Corporation (CASEC).
CASEC holds an 89.86 percent stake in Cemex Philippines, which sells various types of cement.
“The clearance of the PCC is one of the conditions precedent to, and a regulatory requirement necessary before, consummating the joint acquisition,” DMCI said in the stock exchange filing.
Other requirements include completing the company’s 1.5-million-ton cement plant expansion and a tender offer to minority stockholders owning the remaining 10 percent.
