PHILIPPINES: San Miguel stake sale may not happen this year
Philippine Presidential spokesman Rigoberto Tiglao said on Monday that its sale of San Miguel to Kirin Brewery has been put on indefinite hold. This follows the announcement that Kirin will be acquiring a 15% stake in the food and beverage company for $536m. In a statement Tiglao said that the government will still pursue its plan to sell its 31% stake in San Miguel but the sale will happen "down the road". The sale is still intended to finance a US$1bn trust fund for the development of the coconut industry.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Key Brands Performance - Scotch Whisky IV
- Tomorrow's Market Trends - Scotch Whisky III
- Category Trends - Scotch Whisky V
- Beam Suntory names CFO, makes structural changes
- Diageo to accept US$1m South Korea fine
- Brown-Forman shuffles director pack
- Spirits can fill music industry gap - Jagermeister
- Diageo's Smirnoff Red, White & Berry - NPD
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Soft Drinks Global Overview: Growth Opportunities Between Category Lines
- Consumer and Market Insights: Wine Market in China
- Global travel retail insights - market forecasts, product innovation and consumer trends