San Miguel Shareholders On Rollercoaster Ride

July 2007 | Company News Alert

As BMI reported last month, Philippines conglomerate San Miguel Corporation (SMC) is to bring forward its packaging and domestic beer unit spin-offs in order to accelerate its planned entry into the power industry. The news shocked many analysts, both due to SMC's recent high profile food and beverage acquisitions and its lack of experience in so-called 'heavy industry'. However, on reflection one should not be surprised. SMC has been in a perpetual state of restructuring in recent years as it looks to shore up its position as South East Asia's leading food and drink firm, while also pursuing diversification into

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