News

PHILIPPINES: San Miguel forms new drinks unit

Most popular

What rum needs to do to recognise its potential

Can alcohol slow the onset of dementia? - analysis

A-B InBev's Craft Brew Alliance purchase - Comment

Why single malt should ignore its core consumer

Technology bringing tasting events closer to home

MORE

San Miguel Corp. has created a new beverage company.

The Philippine food and beverage giant said today (18 January) that it has set up San Miguel Beverages. The unit has an authorised capital of PHP100m (US$2.05m).

Company corporate information officer Ferdinand Constantino confirmed the move in a letter to the Philippine Stock Exchange.

Constantino was responding to an article regarding the new division, published today in the Manilla Standard. No further details were given.

Earlier this month, San Miguel, which produces drinks including beer brand Pale Pilsen, sold its stake in Coca-Cola Bottlers Philippines to The Coca-Cola Co.

The conglomerate will receive US$590m over five years from Coke for the 65% stake.


Related Content

FREE TO READ - just-drinks' Mergers & Acquisitions database - August 2018

FREE TO READ - just-drinks' Mergers & Acquisitions database - August 2018...

Mahou San Miguel prepares China re-entry as premium beer heats up

Mahou San Miguel prepares China re-entry as premium beer heats up...

Monster Beverage Corp and Coca-Cola Co in energy drinks spat

Monster Beverage Corp and Coca-Cola Co in energy drinks spat...

FREE TO READ - just-drinks' Mergers & Acquisitions database - April 2019

FREE TO READ - just-drinks' Mergers & Acquisitions database - April 2019...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?