Although some inside sources from San Miguel had already denied the rumours, San Miguel made a formal statement to the stock exchange. “The company is not in talks with Lion Nathan over the sale of J.Boag and Sons Ltd,” the company said.
AUSTRALIA: San Miguel formally denies Boag rumours
Following some days of market speculation, Philippine food and beverage group San Miguel Corp. has stated publicly that it is not negotiating to sell its stake in the Tasmanian brewer, J Boag & Son, to the Lion Nathan brewing group.