San Miguel F&B braves storm for $619m re-IPO

Despite the headwinds affecting the Philippine stock market, San Miguel has decided to move forward with plans to sell shares in its consolidated food and beverage business through a sharply downsized block trade.

San Miguel F&B braves storm for $619m re-IPO

Philippine conglomerate San Miguel Corporation on Friday started to sell shares worth as much as Ps33.1 billion $619 million in its food and beverage operations. This is the final step of a massive business restructuring that has lasted for more than a year.

San Miguel Food Beverage’s highly anticipated share offering has been tipped by many investors and analysts as a defining moment for the country’s equity capital market because it is the biggest fully...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition