Holcim Group, a Swiss building materials company, announced plans to divest its Philippines-based operations. The deal involves the sale to China’s Huaxin Building Materials for a minimum of $807 million. This move signifies a strategic shift for Holcim, streamlining its global portfolio. The transaction is expected to allow Holcim to refocus on core markets and reduce debt. Huaxin, a Chinese building materials firm, will gain a significant foothold in the Philippine market through this acquisition. Further details of the agreement were not immediately disclosed. The sale is subject to regulatory approvals.