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San Miguel Profit Surges

2014-11-11 04:27:44| Beverages - Topix.net

San Miguel Corp. said Monday that its net profit between January and September surged from the same period a year ago, as the Philippine conglomerate's diversification enabled it to withstand a margin squeeze suffered by its main revenue generator, oil refiner Petron Corp. The company posted a nine-month net profit of 13.2 billion pesos , up 75% from a year earlier.

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San Miguel Corp sees YTD drinks sales rise

2014-11-10 19:08:00| Daily beverage news and comment - from just-drinks.com

San Miguel Corp has seen a single-digit lift in year-to-date sales from both its brewing operations and its combined spirits and soft drinks unit.

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San Miguel fails to make shortlist of bidders for United Biscuits

2014-11-03 06:16:01| Beverages - Topix.net

San Miguel Corp, the Philippines' most diversified conglomerate, is no longer in the running to bid for British snacks maker United Biscuits, San Miguel President Ramon Ang said on Monday. The private equity owners of United Biscuits, Blackstone Group and PAI Partners, have been working on plans for a sale or a public share listing by the end of the year.

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San Miguel sees sale of Bank of Commerce soon

2014-09-24 08:16:49| Beverages - Topix.net

The Philippines' most diversified conglomerate San Miguel Corp is in talks to sell its unlisted banking unit soon and is eyeing an overseas oil and gas acquisition, as it seeks to build a stronger portfolio after walking away from a two-year airline investment, its president said on Wednesday. San Miguel, which embarked on an aggressive expansion drive starting in 2008 that saw it add power, mining, telecoms, oil refining and infrastructure to its stable of food and beverage businesses, is actively pursuing an offshore oil and gas deal, but is not in a hurry to seal an acquisition, Ramon Ang said.

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San Miguel plans to bid for United Biscuits alone

2014-09-12 07:46:01| Beverages - Topix.net

San Miguel Corp, the Philippines' most diversified conglomerate, is planning to make a solo offer for British snacks maker United Biscuits, its top official said on Friday. "No need for partner," San Miguel President Ramon Ang said in a text message to Reuters when asked if the company was joining forces with other firms in line with its plan to participate in the auction of the British snacks firm.

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