Sources within San Miguel were quoted in reports as saying that there were no plans yet to sell SMC’s stake in the brewer as it had only acquired the stake last year. Another source was reported to have said that Boag was performing well and contributing to profit.
AUSTRALIA: San Miguel “unlikely” to sell Boag
Inside sources have suggested that San Miguel Corp. is unlikely to sell its stake in the Tasmanian brewer, J. Boag and Son, Ltd., to the brewing group, Lion Nathan, which recently reiterated its interest in buying the premium beer producer.