Investors seek majority stake in San Miguel brewery

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San Mig cansSan Miguel Corp. has reportedly been approached by investors who seek to buy its majority stake in the Philippines’ biggest brewer, San Miguel Brewery Inc.

“We’re not selling it,” the group’s President Ramon Ang said on October 30 in Manila of the 51 per cent holding in San Miguel Brewery Inc. “But of course I’m not the only one who would decide.” He said the company also received offers for its food and packaging units, declining to identify any suitors, Bloomberg reported.

A buyer would gain control over the beverage maker that sells 9 of 10 beers in the Philippines and whose operating margin is the industry’s second-widest in Asia. San Miguel, which started as a brewer over a century ago, is selling assets to bankroll a $35 billion investment plan to expand in airlines, energy and infrastructure.

Japan’s Kirin Holdings Co. bought a 48.3 per cent stake in San Miguel Brewery in 2009 for $1.5 billion. The company is expanding abroad amid Japan’s weakening demand for beer, which declined for an eighth straight year in 2012. The seller of Ichiban Shibori beer has the highest overseas sales ratio of the country’s four biggest brewers, with 30 per cent of sales from outside Japan last year.

San Miguel Brewery controls more than 90 percent of the beer market in the Philippines, according to its website. The beer maker, whose portfolio of 10 brands includes the namesake San Miguel Pale Pilsen, had an operating margin of 29.6 per cent last year.

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Reading Time: 1 minute

San Miguel Corp. has reportedly been approached by investors who seek to buy its majority stake in the Philippines’ biggest brewer, San Miguel Brewery Inc.

Reading Time: 1 minute

San Mig cansSan Miguel Corp. has reportedly been approached by investors who seek to buy its majority stake in the Philippines’ biggest brewer, San Miguel Brewery Inc.

“We’re not selling it,” the group’s President Ramon Ang said on October 30 in Manila of the 51 per cent holding in San Miguel Brewery Inc. “But of course I’m not the only one who would decide.” He said the company also received offers for its food and packaging units, declining to identify any suitors, Bloomberg reported.

A buyer would gain control over the beverage maker that sells 9 of 10 beers in the Philippines and whose operating margin is the industry’s second-widest in Asia. San Miguel, which started as a brewer over a century ago, is selling assets to bankroll a $35 billion investment plan to expand in airlines, energy and infrastructure.

Japan’s Kirin Holdings Co. bought a 48.3 per cent stake in San Miguel Brewery in 2009 for $1.5 billion. The company is expanding abroad amid Japan’s weakening demand for beer, which declined for an eighth straight year in 2012. The seller of Ichiban Shibori beer has the highest overseas sales ratio of the country’s four biggest brewers, with 30 per cent of sales from outside Japan last year.

San Miguel Brewery controls more than 90 percent of the beer market in the Philippines, according to its website. The beer maker, whose portfolio of 10 brands includes the namesake San Miguel Pale Pilsen, had an operating margin of 29.6 per cent last year.

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