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Mahou San Miguel sees 2015 profits jump as sales, volumes hold firm
2016-06-02 15:18:00| Daily beverage news and comment - from just-drinks.com
Mahou San Miguel has reported a double-digit rise in full-year operating profits on a 2% lift in sales.
Globe, PLDT buy San Miguel telecom assets for PHP 70 billion
2016-05-30 09:16:00| Telecompaper Headlines
(Telecompaper) San Miguel has agreed to sell its telecom assets to Philippines operators Globe Telecom and PLDT. Each company bought half of Vega Telecom (VTI), half of Bow Arken (BAHC) and half of Brightshare (BHC) for a total amount of PHP 26.4 billion (USD 1.5 billion ) in cash. VTI owns a stake in Liberty Telecom as well as stakes in a number of other companies, including Bell Telecommunication Philippines, Eastern Telecom Philippines, Express Telecom, and Tori Spectrum Telecom, among others. The total enterprise valuation of VTI, BAHC and BHC was estimated at PHP 70.0 billion, including total liabilities of PHP 17.2 billion.
Mahou San Miguel ups craft footprint with Nomada stake buy in Spain
2016-04-15 18:21:00| Daily beverage news and comment - from just-drinks.com
Mahou San Miguel has secured a 40% holding in Spanish craft brewer Nómada Brewing Co.
Telstra, San Miguel end talks on Philippines joint venture
2016-03-14 08:39:00| Telecompaper Headlines
(Telecompaper) Telstra and San Miguel have ended talks on a possible joint venture in the Philippines mobile market. The two started talks last year but said they were unable to reach a commercial arrangement on the investment plans. "Despite an enormous amount of effort and goodwill on all sides, we were simply unable to come to commercial arrangements that would have enabled us all to proceed," Telstra CEO Andrew Penn said in a statement. Telstra has offered to continue technical network design and construction consultancy support to San Miguel, should it decide to go ahead alone with the plans. Telstra said it will also continue to look at investments in Asia, "guided by our capital management framework", in order to support earnings growth and shareholder returns. The Australian company had considered investing up to USD 1 billion in the Philippines joint venture.
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Philippines' San Miguel eyes SABmiller's Grolsch and Peroni
2016-01-13 04:56:57| Beverages - Topix.net
Philippine conglomerate San Miguel Corp said on Wednesday it is interested in acquiring SABMiller PLC's Grolsch and Peroni beer brands, its President Ramon Ang told Reuters. MANILA: Philippine conglomerate San Miguel Corp said on Wednesday it is interested in acquiring SABMiller PLC's Grolsch and Peroni beer brands, its President Ramon Ang told Reuters.
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