ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Philippines' San Miguel bundles food, beer, liquor units in $6.6bn deal

Shares of the holding entity surged 50% after announcement

San Miguel Flavored Beer, a product of San Miguel Brewery, are on sale at a supermarket in Manila.   © Reuters

MANILA -- Philippine conglomerate San Miguel on Monday said it would combine its food, beer and liquor units into a single entity under a 336.35 billion pesos ($6.55 billion) share-swap transaction.

In a stock exchange filing on Monday, the Philippines' largest company by revenue said it would fold San Miguel Brewery and liquor maker Ginebra San Miguel into San Miguel Pure Foods, which sells poultry and dairy products, processed meat and animal feeds. San Miguel Pure Foods will be renamed San Miguel Food and Beverage.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more