Southeast Asia Cement Holdings Inc (Seacem) has sold its entire stake in listed affiliate Lafarge Republic Inc worth PHP11.32bn (US$227.9m). The stake has been sold as part of the company's bid to raise cash and improve the firm's financial position amid the likely entry of a new investor, Seacem said in a disclosure.
Colombia's cement market contracts 8% in November
Cement dispatches in Colombia declined by 7.9 per cent YoY to 1.016Mt in November 2024 from 1.10...