In a submission to the Singapore Stock Exchange, F&N said it “would like to clarify that it is currently not in any discussion or negotiation with the San Miguel Corporation.”
SINGAPORE: Fraser & Neave dismisses San Miguel speculation
The Singapore-based company, Fraser & Neave, which includes a 40% stake in Asia Pacific Breweries among its activities, has dismissed speculation that it is in talks to sell assets or shares to the Philippines group, San Miguel Corporation (SMC).