San Miguel Corp this week confirmed that it is willing to sell its outstanding shares in San Miguel Brewery (SMB), with Kirin Holdings cited as an interested buyer. We take a look at the history of the Philippine-based firm and its brewery.

  1. Last month San Miguel Brewery completed a deal to acquire the international brewing arm (52% stake) of parent firm, San Miguel Corporation, for US$300m. San Miguel Corp continues to own all shares in SMB not held by Kirin.
  2. Kiring Holdings completed the purchase of a 48% stake in San Miguel Brewery in May last year. It bought a 43% stake in the brewery from parent group San Miguel Corp and a further 5% stake by buying up all publicly owned shares in the group not owned by San Miguel Corp. The Japanese brewer agreed to pay PHP59bn and PHP26.2bn for the stakes respectively.
  3. San Miguel Corp came under fire from stock exchange officials early in 2009 after the initial announcement of the Kirin buy. The firm was ordered to explain why the deal was reported in the media before being announced to investors. Investigators from the stock exchange gave San Miguel 24 hours to explain the discrepancy. No action by authorities has followed.
  4. In November last year, San Miguel Brewery announced plans to spend more than PHP1bn on a new bottling plant.
  5. In May 2008, San Miguel Brewery began trading on the Philippine Stock Exchange. The shares were greeted warmly, opening at PHP8.30 pesos (19.54 US cents), up 3.8% from the IPO price of PHP8. San Miguel Corp said it intended to use the funds raised through the IPO – estimated at PHP6.16bn – to pay down debt and finance its expansion into heavy industries.

Stay informed for just £1! *

Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands worldwide.


What’s included in your subscription:
  • Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
  • Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot beverages
  • Unrivalled drinks industry comment from leading sector specialists

Ready to stay informed? Subscribe now and gain access to exclusive content.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Subscribe

Have a subscription? Sign in

For further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.

*After your 1-month trial, your subscription will continue at £315 per year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.