Philippines: No deal on SanMig ownership despite Kirin move

By Chris Brook-Carter | 11 January 2002

Philippine authorities involved in the ownership dispute of San Miguel Corporation said the courts must still resolve the situation, despite the sale of 15% of the company to Japan's Kirin group. Responding to questions about whether the Kirin deal would allow for a compromise on the ownership dispute, President Gloria Macapagal Arroyo said: "No…the issue remains in court so there is no compromise agreement there."

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Philippine authorities involved in the ownership dispute of San Miguel Corporation said the courts must still resolve the situation, despite the sale of 15% of the company to Japan's Kirin group. Responding to questions about whether the Kirin deal would allow for a compromise on the ownership dispute, President Gloria Macapagal Arroyo said: "No…the issue remains in court so there is no compromise agreement there."

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