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ATLAS CEMENT
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 260216 [Title] => Phinma sells 51% of Union Cement to Cemco Holdings [Summary] => The Phinma Group executed yesterday a share purchase agreement with Cemco Holdings covering its 51- percent interest in Union Cement Holdings Corp. (UCHC).
The agreement calls for Phinmas divestment of a total of 493.85 million UCHC shares for $214 million. Of these, 206.33 million (equivalent to a 21.31-percent stake in UCHC) belong to Bacnotan Consolidated Industries Inc. (BCII), the flagship holding company of the Phinma Group, while the balance is owned by Atlas Cement Corp., a 53-percent owned subsidiary of BCII.
[DatePublished] => 2004-08-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 256627 [Title] => Phinma Group sells 51% stake in Union Cement for $214M [Summary] => The Phinma Group has sold its 51-percent interest in Union Cement Holdings Corp. (UCHC) to Cemco Holdings for $214 million.
Phinma, one of the countrys largest cement groups, will dispose of a total of 493.85 million shares in UCHC of which 206.33 million (equivalent to a 21.31-percent stake in UCHC) belong to Bacnotan Consolidated Industries Inc. (BCII), the groups flagship holding company, while the balance is owned by Atlas Cement Corp., a 53-percent owned subsidiary of BCII.
[DatePublished] => 2004-07-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Zinnia B. Dela Peña | August 6, 2004 - 12:00am
By Zinnia B. Dela Peña | July 7, 2004 - 12:00am
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