Investors seek majority stake in San Miguel brewery

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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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. “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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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