Ginebra And Pure Foods Stakes To Go In Heavy Industry Push

Diversified Philippine conglomerate San Miguel Corp (SMC) is to divest stakes in food business San Miguel Pure Foods and liquor division Ginebra San Miguel to fund its ongoing push into heavy industries. The plan quashes the idea that SMC was considering slowing its diversification in order to benefit from the more stable demand and reliable margins that the food sector can offer and has instead turned the spotlight on to the likely buyers for these

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