PHILIPPINES: San Miguel courts at least four suitors for 27% stake
There are at least four global companies are interested in buying the 27% stake in Philippine brewer San Miguel owned by the country's government, according to press reports today. Ramon Ang, who was appointed chairman of the company today, was quoted by BusinessWorld as saying that several firms, not necessarily associated with the food and drink business had made initial inquiries about the planned divestment of the stake for at least US$1 billion. verage giant San Miguel Corp. (SMC) for at least $1 billion (or P51 billion).
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